When quoting Veteran Home Loans within LodeStar, we adhere to the U.S. Department of Veteran Affairs' regulations for the VA Home Loan program. This policy "regulates and limits the fees that the veteran can pay to obtain a loan." The regulated fees are strictly borrower-paid fees and charges.
According to the VA Pamphlet 26-7, Chapter 8: Borrower Fees and Charges, "The veteran can pay a maximum of reasonable and customary amounts for any or all of the "Itemized Fees and Charges" designed by VA...
Title Examination and Title Insurance: The veteran may pay a fee for title examination and insurance, if any."
Within LodeStar, by default, we will bundle the borrower paid, Section C fees into the fee name "Title Examination" because it is an allowable fee name. Lender's Policy, Owner's Policy, recording fees and transfer taxes will still be quoted as needed. The list of allowable and unallowable fee names are attached.
**If you would like us to unbundle and itemize out each fee name, please email firstname.lastname@example.org.