Check Your VA Loan Eligibility

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VA Funding Fee And Closing Costs  

You can pay the VA funding fee in either of these ways:

How much you pay will depend on the loan type and other factors, but the typical fee is 2.3% of the loan amount. This may decrease depending on the size of your down payment. 

Note: Your lender will also charge interest on the loan in addition to closing fees. Please be sure to talk to your lender about any loan costs that may be added to your loan amount.

Your home loan lender will determine these details of your loan:

These rates may vary from lender to lender. 

Request a VA home loan quote.

You should know that adding the VA funding fee and other loan costs to your loan could lead to you owing more money than the fair market value of the home. 

Other closing costs may include:

Note: The VA requires that a seller can’t pay more than 4% of the total home loan in seller’s concessions, but this rule only covers some closing costs, including the VA funding fee. The rule doesn’t cover loan discount points.

Request a VA home loan quote.

Last updated September 23, 2020