Congress gave Veteran home buyers a fabulous valentine's day gift this year via a reduction in the VA funding fee that Veterans pay to obtain a no money down VA home loan. The decrease goes into effect for homes that close on or after April 7, 2023.
Here's a chart on the actual fees, but it's somewhat confusing so I'm providing a break down below on how it will affect homebuyers near Fort Meade MD using an average home cost of $400,000 and showing a first time use and subsequent use fees with a no down payment loan.
If you're thinking of buying a home near Fort Meade in 2023 we're happy to give you an exact estimate by purchase price to know what your savings would be as the amount varies if you put a down payment on the home and under certain other circumstances.
If you're ready to make a purchase in 2023 you can pre-qualify for a VA mortgage online with one of our preferred VA loan specialists, or start your search for a home near Fort Meade on our website today. Ask questions, schedule a showing and more, right from the property detail page to have one of our experienced, caring real estate team members reach out to you within minutes.
