What was the funding fee for a VA loan in 2015?


Quick Answer

With a down payment of less than 5 percent on a first-time use, purchase and construction loan, the VA funding fee is 2.15 percent for veterans or active duty personnel in 2015, according to Military VA Loan. With down payments of 5 to 9.99 percent, the fee is 1.50 percent.

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Full Answer

Veterans with down payments of 10 percent or more pay funding fees of 1.25 percent, reports Military VA Loan. The fee for second-time use purchase and construction loans rises to 3.30 percent for veterans with less than 5 percent down. The VA Streamline Refinance or Interest Rate Reduction Refinance Loan charge 0.5 percent for first- and second-time use.

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