VA funding fee

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VA funding fee$6,450

2.15% of the loan, usually added to it. VA loans have no monthly mortgage insurance.

Loan with the fee added$306,450base loan $300,000

Monthly mortgage insuranceNoneVA loans never have it

Down payment	First use	Later use
Under 5%	2.15%	3.3%
5% to 9.99%	1.5%	1.5%
10% or more	1.25%	1.25%

These rates are for purchase loans. Veterans receiving VA disability compensation, eligible surviving spouses and active-duty Purple Heart recipients are exempt.

The one-time VA funding fee for your down payment and loan use, and who is exempt.

How this tool works

The VA funding fee depends on your down payment and whether you have used a VA loan before. It is usually added to the loan. Veterans receiving VA disability compensation, eligible surviving spouses and active-duty Purple Heart recipients are exempt.

If you qualify for a VA loan, it is often the best mortgage available to you. VA loans have no down payment, no monthly mortgage insurance, typically the lowest rates, limited closing costs and flexible qualifying.

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Why VA loans usually win, and who qualifies

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