VA Home Loan
VA Loan Calculator
How this works
Funding fee: First-time 0%-down = 2.15%. Subsequent use 0%-down = 3.30%. Drops to 1.50% with 5% down, 1.25% with 10%+.
Exempt: Veterans with service-connected disability comp, Purple Heart recipients, surviving spouses receiving DIC pay no funding fee.
Note: Doesn't include property tax, insurance, HOA. Add those separately for total monthly housing cost.
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Estimate only. Does not include property tax, insurance, or HOA - add those separately for your true monthly housing cost.
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Frequently asked questions
Common questions from service members and veterans. Your exact number comes from the calculator above; every answer cites the official source.
Do I have to pay the VA loan funding fee if I'm a disabled veteran?⌄
No. If you receive (or are eligible to receive) VA compensation for a service-connected disability, you are exempt from the funding fee entirely. ANY compensable rating qualifies, not just 100%. Purple Heart recipients on active duty and surviving spouses receiving DIC are also exempt. Verify the exemption is reflected on your Certificate of Eligibility before closing, because exempt borrowers are sometimes charged in error.
Source: VA.gov funding fee
Am I exempt because it's my first home or my income is low?⌄
No. The funding fee exemption is tied to disability compensation, Purple Heart status, or DIC, NOT to income or being a first-time buyer. First-time buyers and low-income borrowers still pay the fee. This is the single most misunderstood VA loan cost. Run the calculator to estimate your fee based on use and down payment.
Source: VA.gov funding fee
Does the funding fee change the second time I use my VA loan?⌄
Yes. For non-exempt borrowers the fee is a percentage of the loan that is HIGHER on subsequent uses than on first use, and it is reduced by a larger down payment. The fee can be financed into the loan. The calculator shows first-use versus subsequent-use amounts so you can compare.
Source: VA.gov funding fee
Can I get a refund if my disability is awarded after I already paid the fee?⌄
Possibly. If your disability is approved with an effective date that predates your loan closing, and you paid the funding fee at closing, you may be eligible for a refund of that fee. Contact your lender and the VA. The exemption itself applies going forward once your compensation status is confirmed.
Source: VA.gov funding fee refund
Does the funding fee reduce my entitlement, and can I reuse the VA loan?⌄
The funding fee does not affect your entitlement; entitlement is based on how much of the benefit is currently tied up in a loan. You can reuse the VA loan benefit, including restoring full entitlement after selling or paying off a prior VA loan, and in some cases use remaining entitlement for a second VA loan simultaneously. The benefit is not one-time-use.
Source: VA.gov loan entitlement