VA Changes

Loan Fee Structure for VA-Guaranteed Loans

Veteran

Reservist/National Guard

First Time Use

2.15%

1.50%

1.25%

2.40%

1.75%

1.50%

Downpayment

     Less than 5 percent¹

            *November 22, 2011 through September 30, 2016

     At least 5 percent but less than 10 percent

            *November 22, 2011 through September 30, 2016

     10 percent or more

            *November 22, 2011 through September 30, 2016

Second and Subsequent Use

3.30%

1.50%

1.25%

3.30%

1.75%

1.50%

Downpayment

     Less than 5 percent¹

            *November 22, 2011 through September 30, 2016

     At least 5 percent but less than 10 percent

            *November 22, 2011 through September 30, 2016

     10 percent or more

            *November 22, 2011 through September 30, 2016

Refinancing Loans

0.50%

0.50%

Interest Rate Reduction

Other

0.50%

0.00%

0.50%

0.00%

Assumptions

Service-connected Veterans