VA to Waive the Upfront Fee for Veteran Loans in 2014

“Starting Jan. 1, the U.S Small Business Administration will waive the upfront fee for veteran loans issued through its Express program, to make borrowing more affordable for entrepreneurs who have served in the military,” the Orange County Register reports.  This could result in veterans saving as much as $5,250 depending on the amount which they are borrowing.

Also reporting on the story is the Washington Post, who remarked that VA “Officials recently announced that the department supported around $30 billion in loans for the third straight year in fiscal year 2013, even as small-business lending nationwide continued to decline in the wake of the recession.”

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