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The VA Funding Fee

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The VA Funding Fee

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  1. The  VAFundingFee 01 02 03 Veterans who use the VA Loan benefit are required to pay the funding fee. Since the VA Loan does not require a down payment or monthly mortgage insurance, this fee helps reduce the loan's cost to taxpayers. The funding fee is calculated as a percentage of the total loan amount and depends on factors such as the type of loan, military category, etc. 04 05 The VA funding fee must be paid at the time of closing. The funding fee may be financed or paid through the borrower's account. 06 07 People who use the VA Loan a second time and don't make a down payment may have to pay higher funding fees. Reservists and National Guard members pay a higher funding fee percentage. 08 You are not required to pay a VA funding fee if: You receive a VA compensation for a service-connected disability. You are asurviving spouse of a veteran who died in service or from a service-connected disability. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 915-843-2681 8522 Broadway St., Ste. 208 San Antonio, TX 78217 210-340-0404 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 2422 E. Main St. Gatesville, TX 76528 254-248-0029 16165 North 83rd Ave., Ste. 200 Peoria, AZ 85382 480-752-3110 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 254-690-3765 www.fcmloans4u.com Image Source: Designed by Freepik

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