American Financial Resources beginning on Veterans Day will pay agent fees for brokers and correspondents on VA loan submissions.
The Department of Veterans Affairs generally requires originators to pay an annual fee of $100 per third-party originator for each entity that sponsors their origination. AFR will now pay this fee on behalf of its brokers and correspondents on AFR-related VA loans.
"VA loans are appealing to eligible veterans and their qualified spouses because they offer many benefits to help past and present military personnel purchase or refinance a home," said Bill Packer, COO for AFR. "Covering the VA agent fees is another way for us to help our partners succeed, and in this case, as they help our nation's heroes truly come home.
"All of us at AFR consider it a privilege to assist eligible veterans and their families as they explore home financing options," said Packer. "Originators should focus on educating veterans and their families of the benefits available to them, and ensuring they obtain the best possible financing package, without worrying about an agent fee interfering with the process."
