Va Funding Fee Chart. The funding fee increases to 36 for borrowers who have previously used the VA loan program but can be reduced by putting at least 5 down at closing. The funding fee is impacted by whether the borrower is on active duty a veteran of the regular military Reserves or National Guard.
How to calculate your VA funding fee. But thats if you paid the fee out of pocket. Then apply it against your loan amount.
You may be entitled to a refund of the VA funding fee if you had a disability compensation claim pending at the time of loan closing and were later awarded service connected disability compensation.
If your down payment is Less than 5. Although starting 112020 all military types pay the same thing as notated in the VA chart. Veterans who put down less than 5 on their home purchase will pay 23 of the total loan amount when buying a home for the first time and 36 on subsequent loans. If your down payment is Less than 5.