FinancingGovernment_backed_loansMEDIUM
A veteran with a service-connected disability applies for a VA loan. The veteran asks about the VA funding fee. What special consideration applies to veterans with service-connected disabilities?
Correct Answer
C) Veterans with service-connected disabilities are exempt from the VA funding fee
Veterans receiving VA disability compensation for a service-connected disability are exempt from paying the VA funding fee. This exemption is one of the additional benefits provided to disabled veterans.
Answer Options
A
Veterans with service-connected disabilities pay a higher funding feeB
Veterans with service-connected disabilities must make a 10 percent down paymentC
Veterans with service-connected disabilities are exempt from the VA funding feeD
The funding fee is doubled for veterans receiving disability compensationWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
VA_loandisability_exemptionfunding_feeservice_connectedfinancing
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