VA Funding Fee

VA funding fee is reuqired by law and can be rolled into the loan, as long as the loan does not exceed a certain amount.

Survivors who spouses were killed as a result of military duty, are exempt of the VA funding fee.

Veterans who are disable as a result of the service are also exempt.

Type of VA Loan

 

 VA-eligible service

 

 First-time Fee

 

 Subsequent Fee

 

 Purchase or Construction

 

 Regular Military

 

 2.15%

 

 3.3%

 

 Purchase or Construction

 

 Reserves/National Guard

 

 2.4%

 

 3.3%

 

 Cash-out Refinance

 

 Regular Military

 

 2.15%

 

 3.3%

 

 Cash-out Refinance

 

 Reserves/National Guard

 

 2.4%

 

 3.3%

 

 Assumptions

 

 All

 

 .5%

 

 .5%

 

 IRRRL (Streamlines)

 

 All

 

 .5%

 

 .5%

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