VA Funding Fee

The VA Funding Fee is a one-time fee charged to veterans who use VA-backed home loans to help support the VA loan program’s sustainability. It helps reduce the program’s costs for taxpayers and ensures other veterans can access affordable financing. The fee varies based on factors like service history, down payment size, and previous use of benefits. It can be paid upfront at closing or rolled into the loan amount. The fee is exempt for veterans with service-connected disabilities. Overall, it’s a way to help maintain a valuable benefit for active service members and veterans.