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...

Get the

Money Matters


Paycheck Chronicles

Evaluating For-Profit Colleges

If you’ve spent any time around a military base, you’ve probably noticed the surprisingly large number of for-profit colleges that are eager to enroll new military students.  While a for-profit college might be the right choice for your academic goals, it is important to understand how they operate and why military students are so attractive […]

© 2015 Military Advantage