VA Funding Fees

VA Funding Fees are always a big question in our area. Below is the chart that is used by the VA in order to determine the funding fee. This chart is very important because it can help one decide how much money to put down on a new house. (Understand that for borrowers who collect disability from the VA, the funding fee is waived.)

Type of Veteran	Down Payment	First Time Use	Subsequent Use for loans from 1/1/04 to 9/30/2011
Regular Military	None 5% or more (up to 10%) 10% or more	2.15% 1.50% 1.25%	3.3% * 1.50% 1.25%
Reserves/ National Guard	None 5% or more (up to 10%) 10% or more	2.4% 1.75% 1.5%	3.3% * 1.75% 1.5%