Military VA Loan

Talk to a VA Mortgage Specialist Call 888-516-9990

2014 Funding Fee Charts for VA Guaranteed Loans


VA loans require an upfront fee called the VA funding fee. Fortunately, this fee can be financed into the loan amount, which allows qualified borrowers to put zero down on a home purchase, or refinance with no equity in the home.

First Time Use, Purchase & Construction Loans

Down Payment Amount Veteran/Active Duty Reservist/National Guard Eligibility
Less than 5%* 2.15% 2.40% Check Eligibility
5% to 9.99% 1.50% 1.75% Check Eligibility
10% or more 1.25% 1.50% Check Eligibility

*Including Cash-Out Refinance Loans

Related Article: Buying a Home with a VA Loan

Second Time Use, Purchase & Construction Loans

Down Payment Amount Veteran/Active Duty Reservist/National Guard Eligibility
Less than 5%* 3.30% 3.30% Check Eligibility
5% to 9.99% 1.50% 1.75% Check Eligibility
10% or more 1.25% 1.50% Check Eligibility

*Including Cash-Out Refinance Loans

Related Article: Qualifying for a VA Cash Out Refinance

Streamline Refinance / IRRRL (Interest Rate Reduction Refinance Loan)

Type of Loan Veteran/Active Duty Reservist/National Guard Eligibility
First Time Use 0.50% 0.50% Check Eligibility
Second Time Use 0.50% 0.50% Check Eligibility

Talk to a VA Streamline Refinance Loan Officer. Call 888-516-9990 or request a free rate quote online.

Related Article: Lowering your Housing Costs with a VA Streamline Refinance.

Other Types of VA Loans

Type of Loan Veteran/Active Duty Reservist/National Guard
Assumption 0.50% 0.50%
Manufactured Home, not affixed 1.00% 1.00%

Related Article: Can I Buy a Manufactured Home with a VA Loan?

The big benefit to a VA loan is that the Veteran’s Administration guarantees the lender against loss in the case of loan default by the borrower. What this means to you is that lenders are willing to approve a loan with no down payment or equity in the home, as long as the borrower meets loan guidelines.

Funding fees vary widely, from 0.5% to 3.3% of the loan amount, depending on the veteran’s service and loan type. The charts below show funding fee amounts from the VA Handbook for some of the major categories.

Some factors that affect the VA funding fee are whether the borrower is on active duty, a veteran of the regular military, Reserves or National Guard; also, the length of service, and the time at which he or she served. Another factor is whether the VA loan will be a “subsequent use” of the benefit, meaning the veteran has opened a VA loan before. Some veterans are even exempt from the funding fee, if they have a service-connected disability as determined by VA.

To find out the amount of your funding fee, call 888-516-9990 or request more information.

VA Home Loan Quotes are Freely Available

The VA home loan program is an excellent resource for active duty military personnel and non-active duty veterans. Take advantage of your benefits by calling 888-516-9990 or completing an online rate quote request.

  • Loan amounts up to $417,000.00
  • 15, 25 or 30 year loan terms
  • Up to 6% seller-paid closing costs allowed
  • No monthly mortgage insurance
  • Finance up to $6000 in energy efficient improvements

Have More Questions about the VA Funding Fee?

Watch this short video for more information on the Funding Fee.

More Information About VA Home Loans

To learn more about available home loan programs, let us guide you through the process. Call 888-516-9990.

Here are some links to additional resources