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VA Closing Costs
Closing costs that may be charged to the buyer are considered
"allowable" closing costs per VA. These are buyer
costs that are reasonable and customary as determined by VA. All other costs are considered non-allowable and
are generally paid by the seller when purchasing a home or the
lender when refinancing a current VA mortgage. The
following table gives a break down of these costs:
Allowable
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Non-allowable
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- Appraisal Fee (if customary)
- Credit Report Fee
- Endorsement Fee (related to title insurance only)
- Home Inspection Fee
- Notary Fee
- Origination Fee (max 1% of loan)
- Discount Points
- Recording Fee
- Title Insurance / Title Search fees
- Funding Fee
- Survey
- Flood Zone Determination
- Prepaid Items such as property taxes and hazard insurance
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- Bring-down Fee
- Loan Application Fee
- Processing Fee
- Lender's Administrative Fee
- Document Preparation Fee (unless the documents were prepared by a
company other than the lender)
- Documentary Transfer Stamp Tax
- Attorney's Services (other than title work)
- Interest Rate Lock-in Fee
- Postage/Delivery Fee
- Loan Tie-in Fee
- Photo Fee
- Notary Fee
- Tax Service Fee
- Underwriting Fee
- Escrow Fee
- Buyers Broker Fee
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If you have questions, please refer
to your local VA office for clarification. Closing costs
cannot be included in the loan amount (except for a
refinance)>
The seller
can pay for all of the buyer's closing costs (up to 4% of the
sales price).
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Phillip Henkle
Las Vegas
Buyer's Agent
Prominent Realty Group
7469 W Lake Mead Blvd Ste 130
Las Vegas, NV 89128
(702) 496-9898
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