VA funding fee calculator
See your estimated VA funding fee using VA's current chart, or confirm you're exempt.
Estimates only, based on the numbers you enter. Not an offer of credit or a loan approval.
How the funding fee works
VA charges a one-time funding fee on most VA-backed loans. It depends on the loan type, your down payment and whether you've used the benefit before.
Veterans receiving VA disability compensation, and a few other groups, are exempt.
Good to know
Who doesn't pay the VA funding fee?
Receiving VA compensation for a service-connected disability; Eligible for VA compensation for a service-connected disability but receiving retirement or active-duty pay instead; Surviving spouse receiving Dependency and Indemnity Compensation (DIC); Service member with a proposed or memorandum rating, issued before the loan closing date, saying they are eligible for compensation from a pre-discharge claim; Active-duty service member who provides evidence, on or before closing, of having received the Purple Heart.
How much is the VA funding fee?
For a purchase with less than 5% down it's 2.15% the first time and 3.3% after first use. It drops with a larger down payment. An IRRRL is 0.5%.
Can I roll the funding fee into the loan?
Usually, yes. Many borrowers add it to the loan amount instead of paying it at closing.
Does checking my options hurt my credit?
No. We start with one soft credit pull, which doesn't affect your score.
MTG Wholesale is a private mortgage broker. We are not affiliated with or endorsed by the U.S. Department of Veterans Affairs, the Department of Defense or any branch of the military. VA-backed loans are subject to eligibility, lender approval and appraisal. Not an offer of credit.