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VA LOAN LENDING

Helping Veterans Save Money on VA Loans

  • Speak to a VA Specialist: 800.749.8155

VA Funding Fees

VA is not a lender. It is a mortgage insurer. Because they charge no monthly mortgage insurance, they offset the risk of foreclosures by having all share in paying VA funding fees, unless the veteran is diagnosed as at least 10% disabled.
Below are the VA funding fees based on type of loan, type of veteran, down payment and eligibility usage.

VA PURCHASE / CONSTRUCTION LOANS

Type of Veteran Down Payment % – First Time Use % – Subsequent Use
Reg. Military None

5% – 9.99%

10% or more

2.15%

1.50%

1.25%

3.30%*

1.50%

1.25%

Reserves None

5% – 9.99%

10% or more

2.40%

1.75%

1.50%

3.30%*

1.75%

1.50%

* 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.

VA CASH OUT / REGULAR REFINANCE LOANS

Type of Veteran % – First Time Use % – Subsequent Use
Reg. Military 2.15% 3.3%
Reserves 2.40% 3.3%

VA FIXED FUNDING FEE LOANS

Type of Loan % – First time or subsequent use
IRRL (Streamline Refinance) 0.50%
Manufactured Homes (Not perm. fixed) 1.00%
Loan Assumptions 0.50%

VA Energy Efficient Mortgage guidelines

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VALOANLENDING.com is not a government agency or in any way affiliated with government agencies, including Veterans Affairs. In addition, VALOANLENDING.com is not a bank, broker or other type of lending institution. All information provided is at the sole discretion of the author. Any information collected on this site will be used for the purpose of providing additional information about VA loans.