What is the va funding fee?

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19th Nov 2009 by Burt Carlson

The VA Funding Fee is a fee that is paid to the VA by the borrower on a VA loan. Typically it is included in the loan amount (although it could be paid as a loan cost by the borrower directly to VA). For a first time VA borrower the fee is 2.15% of the loan amount (since VA will finance 100% of the purchase price of a home the loan amount wolud be 102.15% of the purchase price). Previous users and certain veterans with disabilities may pay reduced fees or none at all.

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17th Nov 2009 In Finance 1 Answers | 591 Views
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