On this episode of REAL Smart, Maura and Cheryl dig into the new temporary rule change for VA-eligible borrowers, released from the Department of Veterans Affairs on June 11, 2024, which goes into effect August 10, 2024. What does this rule change mean for VA_eligible home buyers? What does it mean for agents? How will it change your process with your buyers? And is it really temporary? (The answer to this last one is YES.) Settle in for an in-depth discussion of how to prepare yourself to best prepare yourself and your VA buyers for success!
FOR YOUR REFERENCE:
VA Circular, dated June 11, 2024: https://www.benefits.va.gov/HOMELOANS/documents/circulars/26-24-14.pdf?fbclid=IwZXh0bgNhZW0CMTAAAR1-ND3de9u_CjfJ71ODjXkv4ijnJBwcR4NKXPT-Qwl7T_6TCjfpEvIgnBo_aem_WBttxhkO1mIVchUFCiGI-g
VA Lender Handbook - Chapter 8: Borrower Fees and Charges and the VA Funding Fee
https://benefits.va.gov/WARMS/docs/admin26/handbook/ChapterLendersHanbookChapter8.pdf
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