VA Funding Fee

Veterans whose entitlement is based on active duty will pay a 2.15% fee on their first VA loan and 3.30% on all future loans for the purchase of a home or cash-out refinances.

Veterans whose entitlement is based on Guard/Reserve service will pay 2.40% on their first loan and 3.30% on all future loans for the purchase of a home or cash-out refinances.

A down payment will reduce the amount of the funding fee (see chart).

The funding fee on VA Assumptions and Interest Rate Reduction Refinance Loans is currently 0.5%. This rate remains unchanged regardless of the number of times it is used.

VA funding fee must be paid within 15 days of closing.

The funding fee may be financed into the loan amount (over and above the appraised value of the property).

Loan Type	Required Down Payment	Active Duty Personnel and Veterans	National Guard and Reservists
First Time Use of VA Loan Guaranty Benefits
Purchase/Construction	0% down 5% down 10% down	2.15% 1.50% 1.25%	2.40% 1.75% 1.50%
Regular Cash Out Refinance		2.15%	2.40%
Second or subsequent use of VA Loan Guaranty Benefits
Purchase/Construction	0% 5% 10%	3.30% 1.50% 1.25%	3.30% 1.75% 1.50%
Regular Cash Out Refinance		3.30%	3.30%

Loan Type	Active Duty Personnel and Veterans	National Guard and Reservists
All Interest Rate Reduction Refinance Loans	0.50%	0.50%
Native American Direct Loans	1.25%	1.25%
Manufactured (Mobile) Home Loans	1.00%	1.00%
Assumptions**	0.50%	0.50%
Vendee Loans	2.25%	2.25%