Veterans, Attention! Important Information About VA Loan Closing

🎉 Learn the Intricacies of VA Loan Closing with Us 🎉

Welcome, esteemed veterans! We know that purchasing a new home through a VA loan is one of your significant milestones. However, closing a VA loan can be a complicated process that you require to comprehend before signing the papers.

Therefore, we have put together all the necessary information about VA loan closing. We hope this guide helps you understand better and make informed decisions.

What is VA Loan Closing?

The VA loan closing process involves signing all the official paperwork and legal documents to complete the home buying process. The closing occurs after the underwriter approves your VA loan application.

The VA loan closing process can take up to 60 days. Additionally, there are fees associated with the VA loan closing process that you need to know. We will discuss those fees in detail later.

What are the Steps in a VA Loan Closing Process?

The VA loan closing process involves several steps that you should be aware of. These steps include:

Step Name
Home Inspection and Appraisal
Loan Processing and Underwriting
Final Loan Approval
Clear to Close
Closing Disclosure Review
Signing the Loan Documents
Final Verification

How much does it cost to Close a VA Loan?

VA loan closing costs are the fees charged by lenders and third parties to complete the home buying process. You are not allowed to pay some of the fees, as they are paid by either the seller or the lender.

However, VA loan closing costs range from 1% to 5% of the purchase price. The costs can be paid upfront or rolled into the loan, depending on the lender’s policies.

Can I finance the Closing Costs on a VA Loan?

Yes, you can finance the VA loan closing costs. However, financing the closing costs affects the total loan amount and the monthly installments. It increases the loan amount, and you pay more interest over time.

What are the FAQs about VA Loan Closing?

1) When is it too late to back out of a VA Loan?

If you change your mind or do not want to purchase the home anymore, you can back out of the VA loan closing process before signing the loan documents.

2) Can I get out of a VA Loan after Signing?

Once you sign the loan documents, the VA loan is official and legally binding. You cannot get out of it unless you refinance or sell the home.

3) Can I choose my Closing Date for a VA Loan?

Yes, you can select your closing date for a VA loan. However, ensure to consult with your real estate agent and lender to avoid any closing delays.

4) Do I need a Lawyer to close a VA Loan?

No, you do not require a lawyer to close a VA loan. However, having a real estate attorney is beneficial, and they can provide legal advice.

5) What is the VA Funding Fee, and do I have to pay it?

The VA funding fee is a one-time payment that ranges from 1.4% to 3.6% of the loan amount. The fee is paid by the borrower, except in certain circumstances.

6) What happens at the VA Loan Closing?

At the VA loan closing, you sign the official paperwork to complete the home buying process. Additionally, you pay the VA loan closing fees, and the seller hands over the keys to the home.

7) Can I negotiate VA Loan Closing Costs?

Yes, you can negotiate VA loan closing costs. However, negotiating may depend on your lender’s policies and your real estate agent.

How can I Ensure a Smooth VA Loan Closing Process?

To ensure a smooth VA loan closing process, do the following:

  • Understand the loan closing process and the fees associated with it.
  • Ensure you have all the necessary documents required for the loan closing process.
  • Communicate regularly with your lender and real estate agent to avoid any delays.
  • Review the closing disclosure document carefully.
  • Ask questions and clarify any doubts before signing the loan documents.


VA loan closing can be overwhelming, but it doesn’t have to be. With this comprehensive guide, we hope you have a better understanding of the VA loan closing process and its associated fees. Ensure you purchase your dream home and complete the VA loan closing process smoothly.

Take advantage of VA loans, interest rates, and other benefits that come with being a veteran. You deserve it! Get your VA loan application approved today!


We hope this guide helps you understand the VA loan closing process. However, we advise that you consult with your lender, real estate agent, and attorney for detailed and current information on VA loan closing.

The information provided in this article is for informational and educational purposes only and should not be considered legal, financial, or professional advice.