{"id":631,"date":"2015-06-11T09:45:24","date_gmt":"2015-06-11T09:45:24","guid":{"rendered":"http:\/\/teammovemortgage.com\/2014\/08\/09\/including-closing-costs-in-a-va-home-loan\/"},"modified":"2020-07-13T22:34:48","modified_gmt":"2020-07-13T22:34:48","slug":"closing-costs-sales-concessions","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/","title":{"rendered":"Including Closing Costs and Sales Concessions in a VA Home Loan"},"content":{"rendered":"
\"Common
Common Misconceptions of VA Loans<\/figcaption><\/figure>\n

VA will finance 100% of a purchase price for a primary residence and\u00a0two common misconceptions of VA loans<\/span> <\/a>are that:<\/strong><\/h2>\n

1)<\/strong> There are\u00a0NO closing costs on a VA loan<\/span>\u00a0<\/a> (we heard this one again today) and…<\/p>\n

2)<\/strong> Closing costs are automatically financed into the VA loan<\/span><\/a>…<\/p>\n

These are both INCORRECT<\/strong>.<\/p>\n

There are closing costs on a VA loan<\/span> <\/a>just like most of the other fees on other types of loans and there is a VA funding fee which can be financed on top of the base loan amount and over the appraised value.\u00a0 A veteran is exempt from the VA funding fee though if the VA considers the veteran 10% or more disabled.\u00a0 VA loans<\/span> <\/a>won’t allow the buyer’s closing costs to be added to the loan unless they are included in the sales price on the offer to purchase\u00a0as seller paid costs for the buyer.\u00a0 In addition, the maximum seller paid concessions\u00a0for a buyer is 4% of the sales price which will allow for paying pre-paids (such as escrows and first year of insurances), repairs to the home not required by the appraisal,\u00a0or even paying off buyer’s debts.\u00a0 On top of that<\/strong>, VA allows for all “customary closing costs” to be paid by the buyer.\u00a0 So between the two, usually they will cover all costs at closing as long as a sufficient amount is listed in the contract.<\/p>\n

[av_button_big label=’Getting the Right VA Loan Takes Strategy!’ description_pos=’below’ link=’manually,http:\/\/teammovemortgage.com\/contact-us\/’ link_target=’_blank’ icon_select=’no’ icon=’ue800′ font=’entypo-fontello’ custom_font=’#ffffff’ color=’theme-color’ custom_bg=’#444444′ color_hover=’theme-color-subtle’ custom_bg_hover=’#444444′]
\nLet our VA Loan Experts Help You Strategize!
\n[\/av_button_big]<\/span><\/p>\n

Team Move\u00a0lends in\u00a0areas such as Wilmington, Leland, Hampstead, Jacksonville, Camp Lejeune, Whiteville, Shallotte, Southport, Elizabethtown, Lumberton, Fort Bragg, Pope Air Force Base, Fayetteville, Rockingham, Raleigh, Garner, Smithfield, Clayton, Goldsboro, Charlotte, Greensboro, Winston-Salem, Durham, Chapel Hill, Burgaw, Castle Hayne, Holden Beach, Supply, Ocean Isle Beach, Sunset Beach, Hubert, Tabor City, Carolina Beach, Kure Beach, Laurinburg, Topsail Beach, North Topsail Beach, Surf City, Sneads Ferry, Richlands, Wrightsville Beach, New Bern, Oak Island, Saint James, Wallace, Sanford, Pittsboro, Apex, Cary, Raleigh, Holly Springs, Fuquay Varina, Siler City, Southern Pines, Aberdeen, Pinehurst, Whispering Pines, Vass, Spring Lake, Fayetteville, Lillington, Hope Mills, Dunn, Angier, Smithfield, as well as the rest of NC.\u00a0 North Myrtle Beach, Myrtle Beach, Conway, Loris, Little River, Longs, as well as the rest of South Carolina and Virginia.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

VA will finance 100% of a purchase price for a primary residence and\u00a0two common misconceptions of VA loans are that: 1) There are\u00a0NO closing costs on a VA loan\u00a0 (we heard this one again today) and… 2) Closing costs are automatically financed into the VA loan… These are both INCORRECT. There are closing costs on […]<\/p>\n","protected":false},"author":2,"featured_media":1345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,33,17,48],"tags":[9,10,11,12,13,16,310,18,311,20,328,47,329,49,21,139],"class_list":["post-631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1st-time-buyers","category-frequently-asked-questions","category-products","category-va-loans","tag-first-time-buyers","tag-homebuyers","tag-low-down-payment","tag-lumberton-board-of-realtors","tag-mortgage-faqs","tag-north-carolina","tag-pinehurst-southern-pines-association-of-realtors","tag-realtors","tag-sanford-area-association-of-realtors","tag-team-move","tag-va","tag-va-home-loans","tag-va-loans","tag-va-requirements","tag-wrar","tag-wrightsville-beach-nc"],"acf":[],"yoast_head":"\nIncluding Closing Costs and Sales Concessions in a VA Loan<\/title>\n<meta name=\"description\" content=\"How to include closing costs and concessions in a purchase with a VA loan. There is a common misconception that there are no closing costs on a VA loan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Including Closing Costs and Sales Concessions in a VA Loan\" \/>\n<meta property=\"og:description\" content=\"How to include closing costs and concessions in a purchase with a VA loan. There is a common misconception that there are no closing costs on a VA loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-11T09:45:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T22:34:48+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"Including Closing Costs and Sales Concessions in a VA Home Loan\",\"datePublished\":\"2015-06-11T09:45:24+00:00\",\"dateModified\":\"2020-07-13T22:34:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\"},\"wordCount\":438,\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"first time buyers\",\"Homebuyers\",\"low down payment\",\"Lumberton Board of Realtors\",\"Mortgage FAQ's\",\"North Carolina\",\"Pinehurst Southern Pines Association of Realtors\",\"Realtors\",\"Sanford Area Association of Realtors\",\"Team Move\",\"VA\",\"VA home loans\",\"VA Loans\",\"VA requirements\",\"WRAR\",\"Wrightsville Beach NC\"],\"articleSection\":[\"1st Time Buyers\",\"Frequently Asked Questions\",\"Products\",\"VA Loans\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\",\"name\":\"Including Closing Costs and Sales Concessions in a VA Loan\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-06-11T09:45:24+00:00\",\"dateModified\":\"2020-07-13T22:34:48+00:00\",\"description\":\"How to include closing costs and concessions in a purchase with a VA loan. There is a common misconception that there are no closing costs on a VA loan.\",\"breadcrumb\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/teammovemortgage.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Including Closing Costs and Sales Concessions in a VA Home Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"name\":\"Team Move Mortgage Blog\",\"description\":\"Team Move Mortgage Blog and Resources\",\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\",\"name\":\"Team Move Mortgage Blog\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"contentUrl\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"width\":317,\"height\":86,\"caption\":\"Team Move Mortgage Blog\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\",\"name\":\"Russell Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"caption\":\"Russell Smith\"},\"sameAs\":[\"https:\/\/teammovemortgage.com\"],\"url\":\"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Including Closing Costs and Sales Concessions in a VA Loan","description":"How to include closing costs and concessions in a purchase with a VA loan. There is a common misconception that there are no closing costs on a VA loan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/","og_locale":"en_US","og_type":"article","og_title":"Including Closing Costs and Sales Concessions in a VA Loan","og_description":"How to include closing costs and concessions in a purchase with a VA loan. There is a common misconception that there are no closing costs on a VA loan.","og_url":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/","og_site_name":"Team Move Mortgage Blog","article_published_time":"2015-06-11T09:45:24+00:00","article_modified_time":"2020-07-13T22:34:48+00:00","author":"Russell Smith","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Russell Smith","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#article","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/"},"author":{"name":"Russell Smith","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37"},"headline":"Including Closing Costs and Sales Concessions in a VA Home Loan","datePublished":"2015-06-11T09:45:24+00:00","dateModified":"2020-07-13T22:34:48+00:00","mainEntityOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/"},"wordCount":438,"publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage"},"thumbnailUrl":"","keywords":["first time buyers","Homebuyers","low down payment","Lumberton Board of Realtors","Mortgage FAQ's","North Carolina","Pinehurst Southern Pines Association of Realtors","Realtors","Sanford Area Association of Realtors","Team Move","VA","VA home loans","VA Loans","VA requirements","WRAR","Wrightsville Beach NC"],"articleSection":["1st Time Buyers","Frequently Asked Questions","Products","VA Loans"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/","url":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/","name":"Including Closing Costs and Sales Concessions in a VA Loan","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-06-11T09:45:24+00:00","dateModified":"2020-07-13T22:34:48+00:00","description":"How to include closing costs and concessions in a purchase with a VA loan. There is a common misconception that there are no closing costs on a VA loan.","breadcrumb":{"@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/teammovemortgage.com\/blog\/closing-costs-sales-concessions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/teammovemortgage.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Including Closing Costs and Sales Concessions in a VA Home Loan"}]},{"@type":"WebSite","@id":"https:\/\/teammovemortgage.com\/blog\/#website","url":"https:\/\/teammovemortgage.com\/blog\/","name":"Team Move Mortgage Blog","description":"Team Move Mortgage Blog and Resources","publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/teammovemortgage.com\/blog\/#organization","name":"Team Move Mortgage Blog","url":"https:\/\/teammovemortgage.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","contentUrl":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","width":317,"height":86,"caption":"Team Move Mortgage Blog"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37","name":"Russell Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","caption":"Russell Smith"},"sameAs":["https:\/\/teammovemortgage.com"],"url":"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/"}]}},"_links":{"self":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/comments?post=631"}],"version-history":[{"count":1,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/631\/revisions"}],"predecessor-version":[{"id":9536,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/631\/revisions\/9536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/media?parent=631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/categories?post=631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/tags?post=631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}