VA Funding Fee Chart
Every current VA funding fee rate in one place. Rates effective April 7, 2023, last verified against VA.gov August 31, 2026.
Purchase and construction loans
On a purchase loan, the fee is a percentage of the loan amount. Putting money down — even 5% — drops the rate meaningfully.
| Down payment | First use | Subsequent use |
|---|---|---|
| Less than 5% | 2.15% | 3.30% |
| 5% to 9.99% | 1.50% | 1.50% |
| 10% or more | 1.25% | 1.25% |
Example: on a $300,000 loan with no down payment, a first-use fee at 2.15% is $6,450. At 5% down the rate falls to 1.5% — $4,275 on the smaller $285,000 loan.
Cash-out refinance loans
Cash-out refinancing pays off your current loan and gives you the difference in cash. The funding fee doesn't vary with equity — it's a single rate by use.
| Down payment | First use | Subsequent use |
|---|---|---|
| Any (cash-out has no down payment bands) | 2.15% | 3.30% |
IRRRL (streamline refinance)
The Interest Rate Reduction Refinance Loan refinances an existing VA loan with minimal paperwork — and the funding fee is a flat 0.5% for everyone, first use or not.
| Down payment | First use | Subsequent use |
|---|---|---|
| Any | 0.50% | 0.50% |
More on how the streamline works in the IRRRL guide.
Who doesn't pay the funding fee
VA exempts several groups entirely — the fee is $0 regardless of loan type or use. VA's own list:
- You're receiving VA compensation for a service-connected disability.
- You're eligible to receive VA compensation for a service-connected disability, but you're receiving retirement or active-duty pay instead.
- You're receiving Dependency and Indemnity Compensation (DIC) as the surviving spouse of a Veteran.
- You're a service member who received a proposed or memorandum rating before the loan closing date saying you're eligible for compensation because of a pre-discharge claim.
- You're an active-duty service member who, on or before the loan closing date, provides evidence of receiving a Purple Heart.
If any of these might apply to you, confirm it before closing — an exemption wrongly missed is money left on the table, and a fee wrongly charged can be refunded.
How to read the chart
- The fee applies to the loan amount, not the purchase price — a down payment reduces both.
- "First use" means your first VA-backed loan. Buying a second home with VA financing later is a subsequent use.
- A down payment of exactly 5% or exactly 10% puts you in the better band.
- You can pay the fee at closing or finance it into the loan. Financing preserves cash but adds interest over the life of the loan.
- Manufactured homes and loan assumptions have their own rates on VA.gov; the chart above covers the loans most borrowers use.
Sources and last verified
- VA funding fee rates: VA.gov funding fee and closing costs
- Rates effective April 7, 2023. Last verified August 31, 2026.
- Payments use standard amortization. No lender-specific pricing is applied.
Veteran Home Calc is an independent educational site. It is not affiliated with or endorsed by the U.S. Department of Veterans Affairs, and it does not sell leads or collect your numbers — results are estimates, not loan approvals, offers, or financial advice.
Run your own numbers
- VA Funding Fee Calculator
Apply these rates to your loan and see the fee in dollars.
- VA Mortgage Calculator
See how financing the fee changes your monthly payment.
- VA Loan Closing Costs
Where the funding fee fits among the other costs at closing.