Hi. This is Tom Heath with the Heath Team of NOVA Home Loans and this is our weekly installment of Mortgage and Real Estate Related Matters.
And today’s topic is great news for our veterans, you may remember in the month of May that NOVA had waived their lender fees on all VA Loans as a special, thank you to our veteran population. Well, that change was received so well by our clients and by our referral partners that management has decided to make that a permanent change.
So going forward on our VA loans, NOVA will not be charging lender fees. Now they’re still are cost for third-party fees, there is a VA funding fee potentially, so we definitely want to make sure we’re educating our veterans on what they may have to pay at closing. Now this is great news and saves veterans almost $1,200 on their transactions. So I highly recommend you use this as an opportunity to reach out to your veteran clients and let them know that this is a great opportunity for them to look into.
If have any questions on that or if you’d like us to contact anyone for you, don’t hesitate to reach out to us! And do head over to our website TheHeathTeam.com for more information on these weekly updates. Thanks so much have a great week!