Are there any specific allowable and non-allowable closing cost fees on VA Home Loans?

Answer 1

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There is a requirement that seller concessions do not exceed 4%, but only certain items are considered as part of the concession; i.e., payment of pre-paids, VA funding fee, payoff of credit balances or judgments on behalf of the veteran, funds for temporary buydowns (not discount points).

Source(s): http://www.homeloans.va.gov/lp.htm http://www.navycs.com/va-mortgage-loans.html

Answer 2

ask your morgage broker, they know your situation and your scores and how much you qulify for the yshould be able to give you a ccurate answer.