In order to defray the cost of administering the VA home loan program, each veteran must pay a funding fee, unless the Veteran is Exempt from the fee..
For all types of VA loans, the loan amount may include the VA funding fee.
Who is Exempt from Paying the Funding Fee?
The following persons are exempt from paying the funding fee:
The VA home loan funding fee is required by law and differs for different down payment amounts and whether the VA loan is a first or consecutive one.
|Type of Veteran||Down payment||Percentage for
First time Use
|Regular Military||None||2.15%||3.3% *|
|5% or more||1.50%||1.50%|
|10% or more||1.25%||1.25%|
|Reserves/National Guard||None||2.4%||3.3% *|
|5% or more||1.75%||1.75%|
|10% or more||1.5%||1.5%|
|Type of Loan||Percentage for Either Type of Veteran Whether First Time or Subsequent Use|
|Manufactured Home Loans (NOT permanently affixed)||1.00%|
*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.
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