Closing costs on VA home loans.

[Chris Webb]

Hi, have closing costs on VA 0% down home loans increased? I'm getting quoted $14,000 for a $325,000 home.

Thanks!!

[Jay Hurst]

Quote from @Chris Webb:

Hi, have closing costs on VA 0% down home loans increased? I'm getting quoted $14,000 for a $325,000 home.

Thanks!!

 @Chris Webb How much of that (if any) is VA funding fee? Pre-paid like taxes/insurance/interest? Third party title company fee/taxes etc? Those fees are NOT controlled by the lender and will be the same no matter who the lender is. Also, any buy down costs like discount/origination? Then the final question would be what is the rate being quoted and what is your middle credit score. All of the above effects your actual costs and would give the needed info to see if you are getting a good deal or a bad deal.

[Chris Webb]

No funding fee, I'll look at the other things. I don't remember it being that high the last time I used it. 

[Andrew Postell]

@Chris Webb certainly willing to look at your loan estimate and talk it through with you. Marine 1995-1999 and had several VA loans personally.

[Zach Wain]

Unless there are massive property taxes in the "other costs" section of the loan estimate, it has to be the VA Funding Fee. I can not imagine how the costs get that high unless its one of the those two culprits.