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In 2016 What closing costs are VA Loan buyers prohibited from paying?

In other words, the seller MUST pay what VA Loan closing costs in 2016? by Metochi189 from Douglas, Georgia. Aug 9th 2016 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Great Question.. First, let me say that the seller is not required to pay any of your costs.. It's just that certain fees cannot be charged to the Veteran.. who pay's for them is irrelevant.. The Realtor can pay them, the lender can pay them, or the seller could pay them..The fee's could even be waived, but the seller is not REQUIRED to pay.. Second, the lender CAN charge you 1% origination, but they are not allowed to charge you for underwriting, processing, or any other type of "Junk Fee's".. For the full list and explanation, check out this link on VA'S website.. http://www.benefits.va.gov/phoenix/pdf/rlc/closing_costs.pdf Keep in mind that just because VA does not allow YOU to pay these fees, it does not mean that those fees do not exist.. Most lenders have combined fees to limit the amount of different line items on the Closing Disclosures.. making the final documents easier to read.. but don't be surprised if you see these "prohibited fees" listed on the final doc's.. they will still be there, but there will also be a credit somewhere to offset them so you're not charged.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 9th 2016
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