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Do disabled veterans get any discount on their mortgages?

by chrisbirdman from Syracuse, New York. Jul 11th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

if your disability is a result of your service, then you will get a discount or even a full up waiver of the VA funding fee. its based on your percentage of disability, 100% disabled, 100% waiver, 70% disabled, 70% discount on VA funding fee, etc.. Also, some states will offer either a discount or waiver of property taxes. It's also based on your percentage of disability and whether it's military related or not, and if your disability was incurred during war time, etc... If you contact a local mortgage broker, he should be familiar with the local programs regarding exemptions.. .. 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. 480-287-5714 WilliamAcres.com

Jul 11th 2013
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

Yes, there are additional benefits for disabled veterans. Contact the person above who is licensed for your state.

Jul 11th 2013
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Yes, as a disabled veteran you will receive additional benefits with your VA loan.

Jul 11th 2013
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Linda Miller (Linda Miller)
#2 ranked lender in Utah - 572 contributions

The main discount you get is that as a disable vet you do pay the VA Funding Fee which is basically mortgage insurance. This could save your thousands on your loan depending on your loan amount. Contact a Lender 411 mortgage professional in your area. I know they can help you and discuss other benefits. Thank you for your service.

Jul 11th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

Yes... On a VA loan, there is something known as the VA Funding Fee. If you are more than 10% disabled, you do not have to pay this fee, which could save you thousands on your already awesome VA home loan. www.VA-IRRRL-Loan-MN.com

Jul 11th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Dependent on the percentage of your disability you can get the VA funding Fee waived which if i it is the subsequent use can be quite a substancial savings.

Jul 11th 2013
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Rich Bonn (RichBonn2818411723)
#173 ranked lender in Texas - 50 contributions

Depending on their level of disability, the Vet's get a waiver of the funding fee, and they may also get waivers on property taxes depending on their state of residence.

Jul 11th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

As others have stated the only real discount is the fact that one does not need to pay a funding fee (which ranges from around 2-3%).One of the other benefits of all VA loans is that there is NO required down payment (unless you exceed the county valuation that is seteach year for maximum purchase level. Contact a local, licensed mortgage officer for more details on your specific situation.

Jul 11th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

As others have stated the only real discount is the fact that one does not need to pay a funding fee (which ranges from around 2-3%).One of the other benefits of all VA loans is that there is NO required down payment (unless you exceed the county valuation that is seteach year for maximum purchase level. Contact a local, licensed mortgage officer for more details on your specific situation.

Jul 11th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

The one benefit could be that your debt ratio may be improved, if you have non-taxable disability income.

Jul 11th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

As others have stated the only real discount is the fact that one does not need to pay a funding fee (which ranges from around 2-3%).One of the other benefits of all VA loans is that there is NO required down payment (unless you exceed the county valuation that is seteach year for maximum purchase level. Contact a local, licensed mortgage officer for more details on your specific situation.

Jul 11th 2013
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

The only discount is you don't have to pay the VA funding fee. There are however discounts on property taxes as well but only after you have bought your home. I am also part of the Homes for Heroes program which gives you discounts as a veteran. Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

Jul 11th 2013
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

1. One discount is you don't have to pay the VA funding fee. 2. If you are a Disabled Combat Vet, you do not pay Property Taxes

Jul 11th 2013
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Jackie Stults (jstults)
#35 ranked lender in Maryland - 15 contributions

If you are 62 years or older let's take a look at a reverse mortgage. We can eliminate that monthly mortgage payment for as long as you live in your home.Jackie Stults 800-486-8786 Ext. 702

Jul 11th 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

if your disability is a result of your service, then you will get a discount or even a full up waiver of the VA funding fee. its based on your percentage of disability, 100% disabled, 100% waiver, 70% disabled, 70% discount on VA funding fee, etc.. Also, some states will offer either a discount or waiver of property taxes. It's also based on your percentage of disability and whether it's military related or not, and if your disability was incurred during war time, etc... If you contact a local mortgage broker, he should be familiar with the local programs regarding exemptions.. .. 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. 480-287-5714 WilliamAcres.com

Jul 11th 2013
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

If you have 10% or more disability your VA funding fee is waived. You don't have to pay mortgage insurance. You may qualify to not have to pay property taxes, but you can't apply for this with your state until after closing. The VA loan is one of the best loans available. Best wishes and good luck,Sean

Jul 11th 2013
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Elden Lewis (elewis_409_299)
#41 ranked lender in Indiana - 223 contributions

William hit the nail on the head again. I couldn't have said it better my self without repeating it.

Jul 11th 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

Only with the VA guaranteed home loan program.

Jul 13th 2013
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Jeanette Salamon (Jeanette)
#62 ranked lender in Virginia - 32 contributions

Disabled Veterans are entitled to be exempt from the VA Funding Fee on VA loans.

Apr 3rd 2014
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MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions

hi:Yes as others below have commented there are additional benefits as being a disabled vet.....We do lend nationwide and have no bank guideline/overlays...We can assist in closing costs if needed...Please let us know how we may earn your business. Service is our commitment. Mike (703) 505 5300 NMLS 754875

Jul 29th 2014
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

Yes you do. With proof of VA disability the funding fee is waived. Likewise, some counties waive property taxes for disabled veterans. Check with a local Realtor for help if your local counties will do that.

Feb 3rd 2016
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Corey Vandenberg (Coreyv)
#66 ranked lender in Indiana - 34 contributions

Just did one, zero down payment, no VA fee, reduced closing costs, what more can you ask for?

Mar 8th 2018
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