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VA Funding Fee

Updated in 2023, the VA funding fees are a paid directly to the VA as a % of the final loan amount to insure mortgage lenders in case of loan default. The fee is typically financed into the final loan balance.

VA Purchase or Construction Loans

  Down Payment Amount Funding Fee Percentage
First Use Less than 5% 2.15%
  5% or more 1.50%
  10% or more  1.25%
Subsequent Use Less than 5% 3.30%
  5% or more 1.50%
  10% or more 1.25%
Disabled Veteran   Exempt

VA Cash-Out Refinance

  Funding Fee Percentage
First Use 2.15%
Subsequent Use 3.3%
Disabled Veteran Exempt

Other VA Home Loan Types

Loan Type Funding Fee Percentage
Interest Rate Reduction Refinance Loans (IRRRLs) 0.5%
Manufactured Home Loans (not permanently affixed) 1%
Loan Assumptions 0.5%
Native American Direct Loan (Non-IRRRL) 1.25%
Disabled Veteran Exempt

VA Home Loans - Military Cartoon Family

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