VA loan specialists in Burbank help eligible veterans, active duty service members, and surviving spouses obtain home loans with no down payment and competitive rates. California law requires lenders to provide a Good Faith Estimate of closing costs within three business days of a loan application. Burbank properties must meet minimum property requirements set by the Department of Veterans Affairs to qualify for a VA loan.
What Does a VA Loan Specialist in Burbank Cost?
VA loan specialists in California typically charge an origination fee of 1 to 2 percent of the loan amount. Other costs include a VA funding fee of 2.15 percent for first time use with no down payment, though this fee is waived for veterans with a service connected disability. Appraisal fees in Burbank range from 500 to 800 dollars. Closing costs generally total 3 to 5 percent of the purchase price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
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