Historical Low Funding Fees

Oct. 1st, 2011 - Rates Dropped Drastically

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Additional VA home loan programs

For veterans who want to refinance their homes. Percentage rates are the lowest in decades.

VA Streamline Refinance

For veterans who want to refinance and get additional cash-out of their home.

VA Cash-out Refinance

Helpful VA loan information

Military VA Loan

VA Funding Fee Information

In order for VA to guarantee the home loan, there is a closing cost assessed by the VA to originate the loan called a funding fee. This fee will vary, depending upon the type of VA loan, whether this is your first time to use your entitlement, if you are a disabled veteran, the down payment and if you served active duty or in the National Guard/Reserves.

The following tables break down the Funding Fee Structure for VA Guaranteed Loans:

First time use, purchase of an eligible property

Down Payment Amount	Veteran/Active Duty	Reservist/National Guard
Oct. 1, 2004 - Oct. 1, 2011 Less than 5%*	2.15%	2.40%
On or after Oct. 1, 2011 Less than 5%*	1.40%	1.65%
Before Oct. 1, 2011 5% to 9.99%	1.50%	1.75%
On or after Oct. 1, 2011 5% to 9.99%	0.75%	1.00%
Before Oct. 1, 2011 10% or more	1.25%	1.50%
On or after Oct. 1, 2011 10% or more	0.50%	0.75%

*Includes "Cash-out" Refinancing Loans

Second time use, purchase of an eligible property

Down Payment Amount	Veteran/Active Duty	Reservist/National Guard
Oct. 1, 2007 - Oct. 1, 2011 Less than 5%*	3.30%	3.30%
Oct. 1, 2011 - Oct. 1, 2012 Less than 5%*	2.80%	2.80%
Oct. 1, 2012 - Oct. 1, 2013 Less than 5%*	2.15%	2.15%
On or after Oct. 1, 2013 Less than 5%*	1.25	1.25%
Before Oct. 1, 2011 5% to 9.99%	1.50%	1.75%
On or after Oct. 1, 2011 5% to 9.99%	0.75%	1.00%
Before Oct. 1, 2011 10% or more	1.25%	1.50%
On or after Oct. 1, 2011 10% or more	0.50%	0.75%

*Includes "Cash-out" Refinancing Loans

Streamline Refinance / Interest Rate Reduction Loan (IRRL)

VA Backed Usage	Veteran/Active Duty	Reservist/National Guard
First time use	0.50%	0.50%
Second time use	0.50%	0.50%
Assumptions	0.50%	0.50%
Service-connected Veterans	0.00%	N/A

VA home loan quotes are freely available

The VA home loan program is an excellent deal for active duty military personnel and non-active duty veterans. Take advantage of your benefits.

Loan Amounts Up to $417,000.00
15, 25 or 30 Year Loan Terms
Up to 6% Seller Paid Closing Cost Allowed
No Mortgage Insurance
Allowed To Finance Up to $6000 For Energy Improvements

How can I obtain more information about VA home loans?

You can telephone the US Veterans Affairs offices at (800)827-1000

Here are some links to additional information