Interest Rate Reduction Refinance Loan: Closing Costs

Closing costs normally associated with an Interest Rate Reduction Refinance Loan (IRRRL)

  1. Origination Fee *
  2. Discount Points
  3. Prepaid Taxes and Hazard Insurance
  4. Title Examination Fee
  5. Title Insurance Fee
  6. Flood Zone Determination
  7. Environmental Endorsements
  8. Recording Fees
  9. Special Mailing Fees (Example: Fed-Ex or Courier Fees)
  10. VA Funding Fee

*The loan origination fee is limited to 1% of the loan amount. The lender may charge this flat fee or itemize the following fees not to exceed 1%:
- Application and Processing Fees - Document Preparation Fee - Loan Closing or Settlement Fee - Notary Fees - Interest Rate Lock-In Fee - Tax Service Fee - Reconveyance Fees - Commitment or Marketing Fees - Trustee’s Fees or Charges

This is not an all exclusive list of fees and charges. If you have any questions concerning fees and charges on a VA Loan, contact the your regional VA loan center.

Sound Off...What do you think? Join the discussion...

Connect
Get the

Money Matters

Sign-up
Newsletter
headerPaycheckChronicles

Paycheck Chronicles

The Post I Wish That I Had Written

Every once in a while, I read a post and am immediately jealous that I didn’t write it myself.  This happened today, when my email showed me the latest post at The Military Guide:  Military Discounts Are Not Entitlements.  I don’t know the author, Rick Kuehn, but when we meet (and we will, it’s a […]

© 2014 Military Advantage
A Monster Company.