Home loan borrowers can now deduct funding fees
Starting this year, Veterans and service members can deduct VA funding fees on their taxes when purchasing a home using the VA-guaranteed home loan.
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Starting this year, Veterans and service members can deduct VA funding fees on their taxes when purchasing a home using the VA-guaranteed home loan.
VA guarantees its 29 millionth home loan since the program was created in 1944 — a 19% increase in VA home loan processing this year compared to the same time in 2024.
Over the past eight decades, VA’s Home Loan program has helped Veterans to secure more than 28 million home loans.
Today, the U.S. Department of Veterans Affairs announced that eligible Veterans, active-duty Service members, and surviving spouses who use the VA-guaranteed home loan benefit can pay for certain real estate buyer-broker fees when purchasing a home.
Today, the Department of Veterans Affairs strongly encouraged mortgage servicers to extend the Veteran foreclosure moratorium — originally slated to expire on May 31 – through Dec. 31.
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