VA ALLOWABLE – NON ALLOWABLE FEES

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					                             VA ALLOWABLE – NON ALLOWABLE FEES
Itemized Fees and Charges Allowed to be               Itemized Fees and Charges Not Allowed to
paid by the Veteran:                                  be paid by the Veteran:

VA Appraisals and VA Compliance Inspections           No Duplicate Fees can be charged
2nd Appraisals requested by Veteran ONLY for
reconsideration of value (not ordered by lender)      Lender Attorney Fees

Recording Fees                                        Prepayment Penalties

Credit Report                                         HUD/FHA Inspection Fees for builders
Evaluation Fee Max $50 (w/AUS findings in lieu of
credit)                                               Lender’s Appraisals

Prepaid Items                                         Lender’s Inspections, except in construction loans

Hazard Insurance                                      Loan Closing or Settlement Fees
Flood Zone Determination (can only be a lender
charge)                                               Document Prep Fees

Survey (for condo must have VA prior approval)        Preparing loan papers or conveyancing fees

Title Exam and Title Insurance                        Attorney’s Services other than Title work
Special Mailing Fees for Refi Only (if saved per diem
interest is > cost of special delivery)               Photographs

VA Funding Fee (unless Veteran is exempt from fee)    Interest Rate Lock In Fees

MERS Fee                                              Postage and other mailing charges
Other Fees Authorized by VA                           Amortization schedules, passbooks, memberships

Lenders 1% Flat Charge                                Escrow Fees and Charges

Average 3% Flat Charge for Construction Loans         Notary Fees
Discount Points related to the cost of the rate and
charged by Lender (only)                              Commitment Fees or Marketing Fees

                                                      Trustee’s Fees or Charges

                                                      Loan Application or Processing Fees
                                                      Fees for preparation of Truth In Lending
                                                      Disclosures

                                                      Fees charged by real estate brokers or 3rd parties

                                                      Tax Service Fees

                                                                                          Rev 2-10-10