Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question:
Can I roll my closing costs into my VA Loan?
The answer is: It Depends…
For eligible Veterans looking to purchase a home with their VA benefits, you have the option to roll your funding fee into your VA Loan! However, this is the only closing cost you may directly roll into your VA Loan.
You may ask the seller to pay all normal and customary closing costs, as a part of the negotiated real estate contract, but you may not roll any closing costs (other than the funding fee!) directly into your VA Loan.
To learn more about VA Loans, head to our VA Home Loan Resource! Here at Morgan Financial, we are Veteran Owned, Veteran Operated, Veteran Focused, and we are dedicated to helping our nation’s Veterans utilize their VA benefits to buy the home of their dreams.
Contact us today to get started on your VA Loan with our team of VA Loan experts you can trust!