
OMB Approved No. 29000386 Respondent Burden: 10 minutes Expiration Date: 12/31/2024INTEREST RATE REDUCTION REFINANCING LOAN WORKSHEET PRIVACY ACT NOTICE: VA will not disclose information collected.
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How to fill out the VA 26-8923 online
Filling out the VA 26-8923, also known as the Interest Rate Reduction Refinancing Loan Worksheet, is a crucial step in maximizing your VA-guaranteed loan benefits. This comprehensive guide provides detailed, step-by-step instructions for effectively completing the form online, ensuring a smooth experience for all users.
Follow the steps to successfully complete the VA 26-8923.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Enter the VA loan number at the top of the form, which is vital for tracking your application.
- In Section I, initialize the computation by filling in the existing VA loan balance, including any costs for energy efficient improvements in line 1.
- Subtract any cash payment made by the veteran as specified on line 2 and calculate the total on line 3.
- Begin the final computation by adding the applicable percentage discount based on the subtotal from line 4 to line 5.
- Add the origination fee based on line 4 to line 6.
- Include the funding fee in line 7 based on the calculation from line 4.
- In line 8, add any other allowable closing costs and prepaid items.
- Calculate the total amount in line 9 for your summary.
- Proceed to Section II, entering the preliminary loan amount in line 4.
- In Section III, start by entering the total from line 9 on line 10.
- Add necessary adjustments as indicated in subsequent lines 11 to 17, ensuring all calculations align with VA guidelines.
- Finalize by ensuring the total maximum loan amount on line 18 accurately reflects all prior calculations.
- Once all entries are complete, save the document, download it, or print it as required.
Start completing your forms online today to make the most of your VA loan benefits.
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