VA Funding Fee

The VA Funding Fee is a fee VA charges military veterans for the usage of a VA Mortgage.  The VA Funding fee is a form of mortgage insurance that your Phoenix Arizona VA Mortgage Lender typically finances into a veterans VA home loan at closing.  The Arizona Veteran does not pay this out of pocket unless they want to.  Instead, it is a part of their total and final VA loan amount.  The VA funding fee allows the VA to insure VA loans against defaults.  Therefore it is what allows Arizona VA … [Read more...]

How Long do VA Appraisals Take?

VA home-buyers often feel at a disadvantage due to VA's appraisal process.  Specifically, the length of time it takes to complete an Arizona VA appraisal concerns them.  While VA mortgage appraisals often take longer than their Conventional or FHA counterparts, the difference is minimal. VA Appraisal Turn Time Now Faster VA appraisal turn time should not concern Arizona buyers or a sellers.  Recent VA mortgage changes state VA appraisals must be done as quickly as a Conventional appraisal in … [Read more...]