News Blog‎ > ‎

VA UPDATE

posted Dec 2, 2011, 8:59 AM by Massey Kouhssari   [ updated Dec 2, 2011, 9:00 AM ]
VA Funding Fee Schedule
  • For loans closed November 18 through November 21, 2011: Fees for loans closed during this period will be the lower fees cited in the VA Circular 26-11-12, linked here.
     
  • For loans closed November 22, 2011 through September 30, 2016: Fees for loans closed during this period will be the same as those that existed prior to October 1, 2011, per the VA Circular 26-11-19, linked hereThis current funding fee schedule is listed below.
Current Funding Fee Schedule
Loan TypeVeteran TypeDown Payment PercentFirst Time UseSubsequent Use
PurchaseRegular Military0-4.99%
5.0-9.99%
10% or more
2.15%
1.50%
1.25%
3.30%
1.50%
1.25%
PurchaseReserves/
National Guard
0-4.99%
5.0-9.99%
10% or more
2.40%
1.75%
1.50%
3.30%
1.75%
1.50%
Cash Out RefinanceRegular MilitaryN/A2.15%3.30%
Cash Out RefinanceReserves/
National Guard
N/A2.40%3.30%
IRRRLAllN/A0.50%0.50%
Comments