• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Cash Savings for Veterans: VA Lowers Loan Funding Fee Rates

I recently learned from a local loan officer  that  VA funding fees are being reduced. Translation… Cash Savings for Active Duty Military or  Veterans either purchasing a new home or refinancing.

For example: If you are purchasing a home for $400,000.00, and closing after October 1st, you’ll save $3000.  The difference between the funding rate thru Oct 1st, (2.15%) $8600 and after (1.4%) $5600 is a whopping  $3000.

On August 3rd, the Restoring GI Bill Fairness Act of 2011 became law and reduced the VA Funding Fee for loans closed on or after October 1st, 2011

The fee is significantly lowered for all first time & subsequent use purchases as well as cash-out refinances.  It is also going to be lowered again in 2012 & 2013 for subsequent use purchases with less than 5% down.

By the way ,mortgage rates continued to fall this week to record lows amid investors’ concerns about European debt, according to Freddie Mac.

The average 30-year, fixed-rate mortgage was 4.09 percent this week, down from 4.12 percent the previous week. The average 15-year, fixed-rate mortgage was 3.3 percent.

Want to find out what your payments would be for a VA, FHA , USDA or conventional  loan ? Send me an email and I will have one of our preferred lenders get back to you ASAP or you can fill out an  online application here

bannerpsst … I’m a Realtor! Thanks for stopping by my website. I  would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home.

This post was authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to  Williamsburg, VA , Hampton Roads VA and the  surrounding areas of the Virginia Peninsula.

On his website you can search homes for sale , foreclosures, 55+ active adult communities,   condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New KentPoquoson, and Gloucester, VA as well as surrounding markets of Carrolton,  Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth  Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry,  Va Beach, Yorktown  and York County Virginia
You can reach John by phone at 757-254-8136 or email him at  John@MrWilliamsburg.com

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