Washington Report

Advocacy Updates from Washington D.C.

NAR Comments on VA Loan Fees

On June 12, 2017, NAR sent a letter in response to the Department of Veterans Affairs (VA) advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans.

In recent years, REALTORS® have noted that restrictions on the charges and fees VA Loan borrowers can pay in a home purchase transaction are hindering the ability of VA borrowers to compete with other buyers in today's housing market. NAR urges the VA to allow veterans and active-service members the ability to negotiate the terms of their home purchase contracts, including the payment of fees and charges, in the same manner as borrowers using non-VA financing.

NAR Letter to VA