The VA funding fee is a one-time charge that helps keep the program running for future veterans — not monthly mortgage insurance. It is often financed into the loan, and many disability-rated veterans pay $0.
A one-time fee that funds the VA loan program — not monthly mortgage insurance.
The funding fee is charged once at closing. It is not PMI or FHA MIP — there is no ongoing monthly mortgage insurance on a VA loan.
Most borrowers roll the fee into the loan amount so cash to close stays lower. You can also pay it upfront if you prefer a smaller balance.
First vs subsequent use and how much you put down change the percentage. IRRRL streamline refinances are typically 0.5%.
Veterans with qualifying service-connected disability ratings — and some surviving spouses — may be fully exempt. Check your COE early.
We price the fee into every scenario so you see the true loan amount and payment before you write an offer.
These ranges match the funding-fee tiers we use on our VA payment calculator. Exact percentages depend on first vs subsequent use, down payment, and loan type — and can change with VA updates.
Ryan and Steve run your numbers on the live calculator so you see fee dollars, total loan amount, and payment side by side.
FHA and many conventional low-down loans charge monthly MI for years. VA replaces that with a one-time funding fee — and many disability-rated veterans pay $0.
Related guides to help you compare options and move toward pre-approval.
Disability, Purple Heart, and surviving-spouse waiver rules.
What $0 down means — and what cash to close still looks like.
Run the live funding fee and payment calculator.
Service eligibility, COE, residual income, and occupancy.
2MG Daily
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It is a one-time fee paid to the VA that helps keep the loan program available for future veterans. It is not monthly mortgage insurance. For purchases it typically ranges from about 1.4% to 3.6% depending on down payment and first vs subsequent use.
Yes — most borrowers roll it into the loan amount. You can also pay it in cash at closing if you want a lower loan balance.
No. Unlike FHA MIP or conventional PMI, the VA funding fee is charged once. Your monthly payment does not include mortgage insurance on a VA loan.
Veterans with qualifying service-connected disability compensation, certain Purple Heart recipients, and many eligible surviving spouses are exempt. Your COE is the best place to confirm.
We will confirm first vs subsequent use, exemption status, and whether financing the fee or paying cash fits your plan — then lock a clear payment picture.