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Showing 2 va loan specialists in Lunenburg, MA
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Workers Credit Union
603 Massachusetts Ave, Lunenburg, MA 01462
8002214020
Town of Lunenburg Veteran's Services Department
960 Massachusetts Ave, Lunenburg, MA 01462
9785824146
What Does a VA Loan Specialist in Lunenburg Cost?
Typical costs for a VA loan specialist in Massachusetts include an origination fee of up to 1 percent of the loan amount and third-party fees for appraisal and credit report. Appraisal fees in Lunenburg range from 500 to 700 dollars. Closing costs generally total 2 to 5 percent of the purchase price but the VA limits which fees the borrower can pay. This is general information 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.
Frequently Asked Questions
What are the basic eligibility requirements for a VA loan in Lunenburg?
You must meet service requirements set by the Department of Veterans Affairs such as 90 days of active service during wartime or 181 days during peacetime. A valid Certificate of Eligibility is required. The property must be your primary residence.
Is there a funding fee for VA loans in Massachusetts?
Yes the VA funding fee applies to most loans unless you have a service-connected disability. The fee ranges from 1.25 percent to 3.3 percent of the loan amount depending on your down payment and whether it is your first use. This fee can be rolled into the loan.
Can I use a VA loan for a second home or investment property in Lunenburg?
No VA loans are for owner-occupied primary residences only. You must intend to live in the home. The property cannot be used as a vacation home or rental investment.