VA Loans
What is the VA funding fee?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
The VA funding fee is a one-time charge that helps sustain the program in place of monthly mortgage insurance. It runs roughly 1.25% to 3.3% of the loan depending on down payment and whether it's your first VA loan.
It can be financed into the loan. Veterans with a service-connected disability are typically exempt. We'll calculate your exact fee and check whether you're exempt.
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