Are you eligible for a VA funding fee exemption? Learn why having a service connected disability does not guarantee automatic fee waivers.
Many veterans assume that because they have a service connected disability, their VA loan funding fee is automatically waived. This video clarifies the rules surrounding this exemption and explains why your Certificate of Eligibility might not always reflect your correct status. Understanding these nuances is critical for any veteran navigating the home buying process.
I walk through the specific steps you need to take to ensure your VA funding fee exemption is applied correctly. Do not rely solely on automated systems, as errors on your Certificate of Eligibility can lead to unnecessary charges at closing. Getting this right saves you significant money on your mortgage.
Subscribe for weekly VA loan and benefit breakdowns, and comment below if you have ever found an error on your Certificate of Eligibility.