On November 21, 2011 I wrote a blog on the reduction of the VA Funding fee that went into effect on November 18, 2011.  The Department of Veteran Affairs issued a statement on November 22, rescinding that loan reduction.  See below:

“Purpose. On November 21, 2011, the President signed H.R. 674. Section 265 of the law raises funding fees to the pre-November 18, 2011 levels. The fees specified in Section 265 are valid through September 30, 2016”.

So the reduction in funding fees lasted only four days before they were brought back to the pre-November 18 levels. 

Here is a link to the circular:  http://www.benefits.va.gov/homeloans/circulars/26_11_19.pdf

Mortgage programs are changing constantly so be sure you have a very good loan officer to advise you on changes in programs.  If you need some names of excellent lenders, let me know and I will be happy to give you input. 

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