Take Care of America’s Veterans Act advances with VA mortgage fee hikes
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HousingWire reports that legislation moving through the House would raise the VA IRRRL funding fee to 1.42%, nearly triple its current level. The Take Care of America's Veterans Act, which bundles this fee increase among other provisions, has cleared the lower chamber and continues advancing. For veterans who have relied on the Interest Rate Reduction Refinance Loan to lower their monthly payments without fresh appraisals or income documentation, the math on future refinances shifts materially.
This creates a situation where borrowers accustomed to low-cost VA streamline refinements may now weigh alternatives more carefully, and where investors and self-employed veterans in particular face a changed landscape for leveraging their benefits. loantrust.ai operates directly in this space, originating VA mortgages alongside conventional, FHA, and refinance programs for homeowners, while also offering DSCR loans that qualify based on property cash flow rather than personal income, bank statement programs for self-employed borrowers, and bridge, fix-and-flip, new construction, and multifamily financing for investors. One licensed mortgage loan originator personally packages every file, rather than routing borrowers through a call center.
A dedicated partner rather than a transactional call center matters when policy changes force a recalculation of which product fits which circumstance. For the veteran investor or self-employed borrower watching fee structures move, having access to a brokerage that originates across both consumer and investor channels, and that can match a specific financing strategy to a specific situation, becomes the difference between a loan that works and one that merely closes. The fee hike is the headline; the longer story is how borrowers adapt when the path they expected now costs more.
Source: HousingWire, “Take Care of America’s Veterans Act advances with VA mortgage fee hikes”. Read the original →
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Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.