VA Loans. Low Credit and 500 Credit Scores. With Reduced Funding Fees.
At Access Capital Group, we are qualifying VA Loans with Low Credit, 500 Credit Scores, Manual Underwriting and starting April 7, 2023 with a reduced VA Funding Fee.
Loan Fee Rates for Loans Closing On or After April 7, 2023 and prior to November 14, 2031
VA Purchase or Construction Loans
|
Down Payment Amount |
Funding Fee Percentage |
First Use |
Less than 5% |
2.15% |
|
5% or more |
1.5% |
|
10% or more |
1.25% |
Subsequent Use |
Less than 5% |
3.3% |
|
5% or more |
1.5% |
|
10% or more |
1.25% |
VA Cash-Out Refinance
|
Funding Fee Percentage |
First Use |
2.15% |
Subsequent Use |
3.3% |
VA IRRRLs
Loan Type |
Funding Fee Percentage |
Interest Rate Reduction Refinance Loan (IRRRls) |
0.5% |
The funding fee is charged on VA transactions where the borrower does not meet the qualifications for a fee waiver (exemption).
The Funding fee can be paid upfront or rolled into your loan.
VA Loan Low Credit Score ZERO DOWN LOAN 500 Minimum Credit