VA Funding Fee Tables
Funding Fee Tables
Purchase and construction loans
Note: The funding fee for regular military first time use from 1/1/04 to 9/30/04 is 2.2 percent. This figure drops to 2.15 percent on 10/1/04.
| Type of Veteran | Down Payment | First Time Use | Subsequent Use for loans from 1/1/04 to 9/30/2011 |
|---|---|---|---|
5% or more (up to 10%) 10% or more |
1.50% 1.25% |
1.50% 1.25% |
|
National Guard |
5% or more (up to 10%) 10% or more |
1.75% 1.50% |
1.75% 1.50% |
Cash-Out Refinancing Loans
| Type of Veteran | Percentage for First Time use |
Percentage for Subsequent Use |
|---|---|---|
* 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 of Subsequent Use |
|---|---|
Refinancing Loans |
|
Important Note: Who is Exempt from Paying the Funding Fee?
The following persons are exempt from paying the funding fee:
- Veterans receiving VA compensation for service-connected disabilities. (Deemed 10% disabled)
- 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).
