UPDATE ON LOANS CLOSED ON OR AFTER OCTOBER 1, 2011: VA FFPS has been updated to calculate correct fees for loans closed on or after October 1, 2011. Loans closed October 1 through October 5th will be calculated at the lower rates, while those closed on or after October 6th will be calculated at the higher rates. Lenders may now submit payments for loans closed during any time period.
Please review circular 26-11-15 for more information on funding fees. We expect to release another circular shortly with additional information.
Please note that absent Congressional action, the fees are set to decline again on November 18, 2011. PLEASE monitor this page for updates. We will pass on information as soon as we get it.