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Are VA Funding Fees Refundable?
There are a couple of situations that warrant the refund of the VA Funding Fee.
Certain Circumstances Warrant the Refund of the VA Funding Fee
 
There are a couple of situations that warrant the refund of the VA Funding Fee.
The Funding Fee collected was miscalculated or overpaid There was a pending disability compensation claim when the loan was closed and the fee was collected as if the borrower was not exempt
 
VA loans have advantages for some borrowers that are eligible and qualify because they do not require a downpayment. But there are some conditions that apply. See if you qualify for a VA loan here.
 
The VA Funding Fee can range from .5% of the loan amount on a refinance to 3.3 % for subsequent borrowers. This can amount to a lot of money charged to the Veteran that uses his VA loan. The fee is collected at closing and remitted to the Department of Veterans Affairs within 15 days of closing.

If the fee was paid in cash at closing then the Veteran will receive the refund in cash. If it was added to the loan balance then a credit to the loan balance will be made.

Veterans are encouraged to contact their lender ... more

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