How much are the closing costs on a Texas Vet or VA Loan? - valoanstexas.com

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How much are the closing costs on a Texas Vet or VA Loan?

0
14 Aug 2012
by Shirley

Closing costs on can vary just like they do on conventional loans. The closing costs will be dependent on underwriting and appraisal fees, closing agent’s fees, and any state or regulatory fees.  Texas Veteran loans may also have a participation fee.  Also, like many mortgages, Veteran loans set up an escrow account for the borrower/home owner’s property taxes and insurance. Escrow accounts require a portion of the insurance and taxes to be “pre-paid”. These pre-paid items are closing costs, but it is important to note that they are dependent on the insurance rates and property taxes for the area where the house is being purchased, and are not related to lender or title company fees.

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*Interest rates are set weekly by the Texas Veterans Land Board and are subject to change based on when you lock your interest rate. Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender. Click HERE for an example.
Shirley Mueller
Sr. VP of Veteran Lending
Specializing in Texas Vet & VA Loans
NMLS ID: 336103

12117 Bee Caves Rd Suite 120
Austin, TX 78738

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