VA Loan Funding Fee Tables
There are some cases where there is an exemption to the funding fee requirement.
The following persons are exempt from paying the funding fee:
- Veterans receiving VA compensation for service-connected disabilities.
- Veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay.
- Surviving spouses of veterans who died in service or from service-connected disabilities (whether or not such surviving spouses are veterans with their own entitlement and whether or not they are using their own entitlement on the loan).
Source is : Lenders Handbook: Pamphlet 26-7
Purchase and Construction Loans
|
Down Payment |
First Time Use |
Subsequent Use for loans from 1/1/04 to 9/30/2011 |
|
|
Regular Military |
None 5% or more (up to 10%) 10% or more |
2.15% 1.50% 1.25% |
3.35% * 1.50% 1.25% |
|
Reserves/ National Guard |
None 5% or more (up to 10%) 10% or more |
2.4% 1.75% 1.5% |
3.35% * 1.75% 1.5% |
Cash-Out Refinancing Loans
|
Type of Veteran |
Percentage for First Time Use |
Percentage for Subsequent Use |
|
Regular Military |
2.15% |
3.35% * |
|
Reserves/National Guard |
2.4% |
3.35% * |
|
* The higher subsequent use fee does not apply to these types of loans if the veteran’s only prior use of entitlement was for a manufactured home loan. |
Other Types of Loans
|
Type of Loan |
Percentage for Either Type of Veteran Whether First Time or Subsequent Use |
|
Interest Rate Reduction Refinancing Loans |
.50% |
|
Manufactured Home Loans |
1.00% |
|
Loan Assumptions |
.50% |
OTHER VA POSTS for your use:
|
VA Loan Funding Fee Tables
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