VA owes disabled veterans refunds on home loan fees, report says

Disabled veterans were charged a funding fee for their VA home loan, may be owed refunds totaling about $189 million in home loan fees. to estimates from the VA Inspector General in a report issued on the 75th anniversary of D-Day. Auditors said they found it “troubling” that senior Veterans Benefits.

The Department of Veterans affairs (va) improperly charged almost 73,000 disabled veterans more than $286 million in home loan fees they didn’t owe, according to a report by the VA Office of the inspector general (oig) released Thursday.

WASHINGTON — The Department of Veterans Affairs isn’t following. the Government Accountability Office concluded in a report released Thursday. The watchdog agency’s report detailed shortcomings in.

Thousands of veterans are owed refunds, the IG says.. General Finds VA Overcharged Disabled Vets on Home Loans.. problem that resulted in erroneous funding fee charges, the report found..

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Lenders don’t like these loans anymore — and borrowers shouldn’t either — because if you owe 100% of the value of your home. The VA does not require a down payment or mortgage insurance. However,

VA Owes Disabled Veterans Refunds on Home Loan Fees, Report Says. agreed to identify the exempt veterans who paid the fee and issue them refunds. The VBA noted that the financial impact to the veterans was minimal over the life of the loan, the inspector general report says.

The Department of Veterans Affairs owes about $189 million to 53,000 disabled veterans who were charged home loan fees they were exempt from having to pay, an investigation has found.

Part of the cost of purchasing a home with a VA guaranteed home loan is the payment of a VA loan funding fee. Some borrowers are exempt from the funding fee like veterans who receive or are eligible to receive VA compensation for a 10% or greater service-connected disability rating.

VA owes disabled veterans refunds on home loan fees, report says. government owes at least $189 million to 53,000 disabled veterans who.

A federal jury has convicted an ex-U.S. Department of Veterans Affairs worker of defrauding a disabled and incompetent veteran of $680,000-plus. U.S. Attorney Doug Overbey’s office says 44-year-old ..

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