VA Owes Millions To Thousands Of Disabled Veterans In Refunds For Home Loan Fees, Report Finds

Top VA officials failed to alert veterans nationwide about more than $150 million in refunds due on their VA home loans. Millions in refunds on VA backed loans owed to veterans, says ‘Funding.

Posttraumatic stress disorder (PTSD) represents a significant health concern for millions of Veterans. The VA Center for Compassionate Care Innovation (CCI) has expanded use of Transcranial Magnetic.

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of administering a VA home loan.1 However, veterans are exempt. charged exempt veterans approximately $286.4 million in funding fees.. found that VA owed these veterans funding fee refunds because of. disability compensation and a funding fee exemption, but lenders or VA staff were not notified.

The Department of Veterans Affairs (VA) has awarded approximately $300 million more in grants under the Supportive Services for Veteran Families (SSVF) program to help thousands of very low-income.

Thousands of disabled veterans may get refunds of VA home loan fees. Military Times – By: Karen Jowers . More than 53,000 disabled veterans may be owed refunds totaling about $189 million in home loan fees they were incorrectly charged by the Department of Veterans Affairs, according to estimates from the VA Inspector General in a report issued on the 75th anniversary of D-Day.

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The release did not say what is being done to ensure veterans due refunds from loans in prior years are paid. The inspector general found the amounts owed in its review ranged from $5,000 to $20,000. The VA said veterans who believe they are owed a refund should consult the agency’s website for more information about VA home loan funding fees.

The VA’s Office of the inspector general (oig) released a report showing that $286.4 million in home loan fees were wrongly charged to about 72,900 disabled veterans who, because they are entitled to disability benefits, also are exempt from paying the fees. The average veteran is owed $4,483, according to the OIG report, and some veterans are.

Understanding some basics about the VA loan process and what lenders are looking for can make a tremendous difference for prospective homebuyers. Here’s a look at eight essential tips to help you get.