What is the VA funding fee?

The VA funding fee is a one-time charge on VA loans, typically 1.4% to 3.3% of the loan depending on your down payment and whether it is your first use. It can be financed into the loan.

Do VA loans require PMI?

No. VA loans do not require private mortgage insurance, which is one of their biggest advantages. There is no monthly insurance premium either.

VA Mortgage Calculator

For eligible veterans, service members and surviving spouses.

VA Loan Details

Home Price ($)

Down Payment (%)

VA loans allow 0% down

Interest Rate (% p.a.)

Loan Term (years)

yrs

Funding Fee (%)

First use, 0% down = 2.3%

Property Tax (% of price / yr)

Home Insurance (% of price / yr)

Total Monthly Payment

—

Total Loan Amount

—

Funding Fee

—

Total Interest

—

VA loan advantages

No down payment — most VA loans require 0% down.
No PMI — VA loans never carry private mortgage insurance.
Funding fee — a one-time fee (1.4%–3.3%) that can be financed into the loan; it is waived for disabled veterans.

VA Mortgage FAQ

Who can get a VA loan?▶

Active duty service members, veterans, National Guard and Reserve members, and some surviving spouses who meet service requirements are eligible for VA-backed home loans.

Can the VA funding fee be waived?▶

Yes — the funding fee is waived for veterans receiving VA disability compensation and for surviving spouses of veterans who died in service or from a service-connected disability.