PCS toolkit
What will my VA funding fee be?
By Kyle Melvin · NMLS #1486450 · REV Mortgage
The fee is a percentage of the loan amount set by statute. Pick the loan type and the down payment, and check the exemption box if it applies — a lot of people who qualify do not realize it.
Result
2.15%
Less than 5% down · first use
The fee can be financed on top of the loan. Exemption status is printed on your Certificate of Eligibility — if it should say exempt and does not, fix it before closing. Percentages are set by federal statute and change occasionally; this table reflects the schedule in effect since April 2023.
The rules behind the number
The funding fee page covers the full exemption list and what happens when a disability rating lands after closing. The fee can be financed; it replaces the monthly mortgage insurance other programs charge, which is why the PMI answer is no. For a refinance, the IRRRL page covers when the streamline is worth it.
Apply with Kyle
Think you might be exempt?
A lot of veterans who qualify for the exemption are charged anyway. Kyle checks the COE before closing and files the refund when a rating lands late.