VA Funding Fees VA | MD

VA loans require a funding fee which goes to support the Veteran administration and the program. The funding fees are as follow unless the veteran has a service related disability of 10% or more. Then the funding fee is waived. The funding fees can be financed into the loan or paid in full.

Purchase or new VA Loan

VA Funding Fee Table

		First Time Use		Second or Subsequent Use (Entitlement code #5)
Loan Type	LTV	Veteran of Active Duty	Nat'l Guard / Reservist	Veteran of Active duty	Nat'l Guard Reservist
Purchase or Construction	95.01% - 100%	2.30	2.30	3.60**	3.60**
	90.01% - 95.0%	1.65	1.65	1.65	1.65
	90.0% and less	1.40	1.40	1.40	1.40
Cash Out Refinance	Max 100%*	2.15	2.30	3.30**	3.30**

*See LTV and credit score sections above for additional requirements
** The higher subsequent use fee does not apply to these types of loans if the Veteran's only prior use of entitlement was for a manufactured home loan.
Legislation will index the VA guaranty amount so as the Agency loan limits increase (1-unit only) each year, the amount of the VA guaranty will also adjust the VA loan limit to equal the Agency maximum loan amounts.

Refinance VA funding fees

VA FUNDING FEE TABLE
		First Time Use		Second or Subsequent Use (Entitlement Code #5)
Loan Type	LTV	Veteran of Active Duty	Nat'l Guard / Reservist	Veteran of Active Duty	Nat'l Guard / Reservist
Rate Reduction Refinance	All Loan Amounts (Reasonable Discount Allowable)	0.50	0.50	0.50	0.50

The VA loan allows for cash out refinances to 100% loan to value up to county loan limits. Loans above 90% may have some additional requirements lender to lender.