VA Funding Fee
The IRRRL VA funding fee may only be paid in cash or financed as part of the mortgage (as long as the inclusion of the funding fee to the mortgage amount does not exceed the current maximum mortgage amount).
However, the funding fee may be split only when the total loan amount with the funding fee will exceed the current maximum mortgage amount. On loan amounts exceeding $417,000, if the combined loan amount plus the funding fee exceeds the county limit, the portion of the total funding fee that exceeds the county limit may not be financed into the loan amount.
Amount of funding fee charged is based on the loan-to-value, veteran status, transaction type, and prior use.
The following tables list the percentages for the require VA funding fees for closing.
IRRRL VA Funding Fee Chart
Have questions about a IRRRL VA funding Fee? Be sure to speak with a VA mortgage expert today and get your questions answered.
VA Funding Fee: Get The Best Deal Possible
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