Financial glossary
VA Funding Fee
In plain English
A one-time percentage fee on many VA-backed loans that can usually be paid at closing or financed into the loan.
The VA funding fee is a one-time percentage charge on many VA-backed loans. It may be paid at closing or financed into the loan, and exemptions can apply to some borrowers. The rate depends on loan type, prior use, and down payment, so use the official VA table and model the amount in the VA loan calculator.
Related calculators
- VA Loan CalculatorEstimate a VA home-loan payment with an optional financed funding fee, down payment, rate, and term. No monthly mortgage insurance is modeled.
- Buyer Closing Costs CalculatorEstimate buyer closing costs and cash to close from the down payment, lender fees, points, title costs, inspections, prepaids, credits, and deposits.