VA Tools 2023-10-25T17:03:13-05:00

VA Tools

VA Funding Fee Chart (as of 02/14/2023)

Note: Reduced funding fee rates apply to loans made to purchase or construct a dwelling with a Down Payment of five percent or more of the purchase price. Reduced funding fee rates do not apply to refinance loans. For construction loans only, equity in the secured property may be used as a Down Payment for calculating the funding fee

Loan Fee Rates for Loans Closing On or After April 7, 2023 and prior to November 14, 2031

VA Purchase or Construction Loans:

Down Payment Funding Fee Percentage
First Use Less than 5% 2.15%
5% or more (up to 10%) 1.5%
10% or more 1.25%
Subsequent Use Less than 5% 3.3%
5% or more (up to 10%) 1.5%
10% or more 1.25%

VA Cash-Out Refinance:

Funding Fee Percentage
First Use 2.15%
Subsequent Use 3.3%

Other VA Loan Scenarios

Loan Type Funding Fee Percentage
Interest Rate Reduction Refinance Loan (IRRRLs) 0.5%
Manufactured Home Loans (not permanently affixed) 1.0%
Loan Assumptions 0.5%
Native American Direct Loan (Non-IRRRLs) 1.25%

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