The VA funding fee is a one-time charge that applies to many VA-backed mortgages.
It helps support the VA home-loan program.
Some borrowers are exempt.
Current VA Purchase Funding Fees
| Down Payment | First Use | Subsequent Use |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% or more | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
Official current VA fee schedule:
VA Funding Fee Rate Charts and Closing Costs
VA IRRRL Funding Fee
Current IRRRL funding fee:
0.50%
Learn more:
VA Cash-Out Funding Fee
Applicable cash-out refinance funding fees depend on use and borrower exemption status.
Learn more:
Funding Fee Exemptions
Certain eligible borrowers may be exempt, including some borrowers receiving or entitled to qualifying VA disability compensation and certain surviving spouses.
Always verify actual exemption status.
Can the Funding Fee Be Financed?
The VA funding fee can generally be financed into the loan when program requirements permit.
That increases the loan balance.
Funding Fee Example
Purchase price: $500,000
Base mortgage: $500,000
Example funding fee: 2.15%
Estimated fee:
$10,750
Potential mortgage balance if financed:
$510,750
This is an educational example, not a loan quote.
Funding Fee vs. PMI
These are not the same.
The funding fee is generally a one-time VA program charge.
VA-backed mortgages do not require monthly PMI.
Related Resources
Estimate My VA Loan Costs
Daniel Paris | 801-604-4949
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ALT: VA funding fee Utah 2026 rates
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