VA Pamphlet 26-7 Chapter 8, Topic 4: Other Parties Fees and Charges for the Veteran-Borrower

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VA Lender's Handbook, VA Pamphlet 26-7
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Page 213

Topic 4. Other Parties Fees and Charges for the Veteran-Borrower

November 8, 2010, Change 15

This section has been updated to make minor grammatical edits.

a. Policy

The seller, lender, or any other party may pay fees and charges, including discount points, on behalf of the borrower.

VA regulations limit charges "made against or paid by" the borrower. They do not limit the payment of fees and charges by other parties.

b. Exception

Excessive seller concessions are prohibited.

Reference: See Topic 5 of this chapter.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.