Florida Mortgage : Learning Center

One of the benefits a Veteran receives when utilizing his or her VA Entitlement towards purchasing a new home; is to not incur any mortgage, lender or bank junk fees.  This can reduce the cost for a home buyer by approximately $750 – $1,000.  But Veterans should know the catch usually attached to this benefit.

Some mortgage companies recapture that loss of revenue with one of two methods.  These mortgage lenders or banks will either charge an origination fee or discount point; which VA allows.  Or just as bad, they will charge these fees to the seller which makes negotiating a contract difficult for Veterans.   So the Veteran doesn’t truly enjoy the total benefit or has to approach the seller with the fact that the seller may have to pay for more fees than if the buyer were not a Veteran.

That’s nuts!  Discount points are reserved for the Veteran to choose only if he or she wants to buy down the interest rate.  And the benefit of no lender junk fees was never mean’t for the Seller to have to pay them.  At BeechTree Mortgage you can rest assure that when you want to use your well deserved VA Entitlement to purchase a new home; we will not charge the Veteran origination fees or discount points to cover junk fees.  We will also not charge the seller. 

Veterans choosing to purchase a new home in Florida or refinacing their current Florida VA mortgage; will know that BeechTree Mortgage is different.  It’s the way VA Home Loan financing should be.

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