FHA VA Blog

Previously, VA issued Circular 26-11-12 announcing the reduction of funding fees effective on October 1, 2011. We have been notified that the President signed H.R. 2646: Veterans Health Care Facilities Improvement Act of 2011, which reverts the VA Funding Fees back to the higher, pre-October 1^st percentages. The reduced VA Funding Fee Schedule in Circular 26-11-12 would apply for a very short period of time, theoretically for loans that closed during October 1^st through October 4^th. The VA is expected to provide guidance on the exact validity period for the VA Funding Fee schedule set forth in Circular 26-11-12, but it is likely that the guidance will come first via the VA Funding Fee payment process.

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Ray