Got a letter from the VA yesterday saying my funding fee was miscalculated by $400

Has anyone else dealt with the VA randomly reopening your loan file months after closing and sending a surprise bill?

2 comments

2 Comments

Happened to me about a year after closing. Turns out they had my credit report wrong and recalculated the whole thing... ended up sending me a bill for $350. I called the VA number on the letter and asked them to walk me through the math step by step. Turned out to be a legit mistake on their end but they wouldn't budge on waiving it. What finally worked was getting my loan officer from the original lender to write a letter explaining the fees were correct at closing. VA accepted that and dropped it. Definitely worth making a few calls before you just pay it.

knight.diana28d ago

That's a good point about getting the original loan officer involved, but I need to gently push back on something. The VA funding fee is based on the loan amount and your down payment, not your credit report. If they recalculated based on a credit report error, that sounds more like a private mortgage insurance or rate adjustment issue, not the VA fee itself. The VA funding fee is set by law and doesn't change based on your credit score. So if they sent you a bill about fees being wrong, it might have been from a different part of the closing process. Still, your advice to call and ask for a step-by-step breakdown is solid. That's the kind of thing that usually gets things sorted out.