looking for the lowest closing costs of a va mortgage loan for $25,000 in zip code 37660 with excellent credit.

Much, Much, Much more info needed to properly answer your question.. First let me just state the obvious.. If you have ever applied for credit in the past, then you understand that there are over 100 different items that must be analyzed when determining one's eligibility as well as acceptable collateral.. (the property being financed).. Second, finding any lender willing to do a $25K mortgage is going to be near impossible. Current lending guidelines limit how much a lender can charge you to originate a mortgage loan.. For most lenders, the minimum is $75K to $100K, although there are a hand full that go down to $50K, and we have one lender that will go to $40K.. Because of the government intervention, doing a $25K loan comes with the same risk as doing a $400K loan, but the lenders profit will be non existent.. Typical underwriting is $1000, and Processing is another $700. These are "Fixed Cost" fees, meaning it's the same fee regardless of your sale price or loan amount.. Other fees are "Variable Fee's" meaning they are a percentage based on the loan amount.. But just dividing $1700 into $25K is nearly 7%.. and this exceeds the 5% maximum.. You can try contacting a local credit union, or possibly a community bank, but looking for the "Lowest Costs".. should not be your priority.. finding any lender willing to do it will be your challenge. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

I agree, try local credit unions or community banks. Other lenders may have lower closing costs than quoted but the $25,000 mortgage amount is extremely low and you may find it better options with those lending sources. Best wishes