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Updated over 9 years ago on . Most recent reply

Tim Walach's profile image
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Tim Walach
  • Investor
  • from Crown Point, Indiana
  • Member since Nov 20, 2015
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Tim Walach's profile image
Tim Walach's profile image
Tim Walach
  • Investor
  • from Crown Point, Indiana
  • Member since Nov 20, 2015
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Tim Walach
  • Investor
  • Crown Point, IN
3
Votes |
12
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Private Lending & Conventional Mortgage Advice

VA Lender loan origination fee

Tim Walach
  • Investor
  • Crown Point, IN
Posted

I'm looking to buy a second property with a VA loan. I called a VA lender to get the ball rolling. He said the origination fee (flat fee), would be $1,300. Does this sound about right? I don't remember paying a fee the first time around.

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Charlie Fitzgerald's profile image
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Charlie Fitzgerald
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  • from Las Vegas, NV
  • Member since Aug 12, 2015
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Charlie Fitzgerald
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  • from Las Vegas, NV
  • Member since Aug 12, 2015
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

VA caps the amount of Origination Fee charged to 1% of the loan amount.

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