The VA funding fee is required on most purchase and refinance VA loans to defray the costs of the VA home loan program. The VA funding fee is required for the VA IRRRL refinance. In most cases, the VA streamline funding fee is 0.50% of the new loan amount — much less than the 2.3% to 3.6% required for a purchase loan or a VA cash-out refinance. It’s 0.5% of the loan amount. 7100 between 8:00 am and 5:00 pm Pacific or email us anytime at customerservice@nafinc.com for any complaint resolution you may have regarding the origination of your loan. We encourage you to call our Corporate Customer Service department at 800-450-2010 ext. VA refinance loans typically come with the same fees as other mortgage refinances, but there is one fee that’s unique to the program — the VA funding fee. The funding fees for a VA cash-out refinance loan are the same as for a purchase loan. Whether you opt for a conventional cash-out refi, VA cash-out refinance, or FHA cash-out refinance, you can likely get a great interest rate and put your home equity to work. New American Funding makes Customer Service our number one priority.
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