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Anyone know if the realtors can charge funding fees to the veteran as the seller? to include all title search and title fee transfers document fees and any and all fees encounter at time of the transaction?..these funding fees can add up fast…it just don’t seem right to me?
I know when we buy A HOME through VA Loans The Veteran has the funding fees waved and just pay a minimal closing cost based on the home perches price, if the veteran is currently active duty or is a disable veteran getting a VA compensation monthly payment.
but when a Veteran sells the home the funding fees are astronomical . (depending on the sale price)
Our Realtor mention that we will need to come up with funding fees of around 14000/15.000 at closing when we sell Our Home based on our home? the selling price of 275.000$$ for funding fees? For ALL Funding fees? Not much in escrow account beings I get the property tax exemption.
This don’t seem right to me its going to cost me 14.000./15.000 $ just to sell my home for 275.000? For title search and any other fees that are encountered at time of closing.
I do understand I would pay some closing fees and transaction fees around 3.500 /4.500 maybe 5000..but not 14.000/15.000??
Anybody know what the funding fees should be or close to it ? based on the sale of my home at $$275.000 the profit or the difference I would make selling my home is only 13.000 balance on my home is 262.000 the pay off is close to that.
Anybody know? or who have bought and sold homes using the VA Loan eligibility.
Please fill me in if you know!!!
In Advance I sincerely Thank you all.
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Anyone know if the realtors can charge funding fees to the veteran as the seller? to include all title search and title fee transfers document fees and any and all fees encounter at time of the transaction?..these funding fees can add up fast...it just dont seem right to me?