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Is my VA funding fee claim as part of the points or origination fees? My VA fees doesn’t show on my 1098
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Is my VA funding fee claim as part of the points or origination fees? My VA fees doesn’t show on my 1098
No, qualified mortgage insurance provided by the Department
of Veterans Affairs is commonly known as a funding fee. The funding fee can either
be included in the amount of the loan or paid in full at the time of closing and cannot be deducted in 2017 because it is considered Mortgage Insurance, not points or original fees.
[Edited 17.01.17 22:30PM]
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Is my VA funding fee claim as part of the points or origination fees? My VA fees doesn’t show on my 1098
However, the deduction Mortgage Interest expired last year, so it is not deductible on your current 2017 tax return.