funding fee deductible
Is a VA funding fee added to the loan at closing tax deductible? Answer: Sue-The following information comes from IRS Publication 936: Mortgage Insurance Premiums You can treat amounts you paid during 2009 for qualified mortgage insurance as home mortgage interest.ortgage insurance provided by the Department of Veterans Affairs is commonly known as a funding fee. If provided by the Rural Housing Service, it is commonly known as a guarantee fee. The funding fee and guarantee fee can either be included in the amount of the loan or paid in full at the time of closing.