Note : The funding fee for regular military first time use from 1/1/04 to 9/30/04 is 2.2 percent. This figure drops to 2.15 percent on 10/1/04.
Type of Veteran
Down Payment
First Time Use
Subsequent Use for loans from 1/1/04 to 9/30/2011
Regular Military
None
5% or more (up to 10%)
10% or more
2.15%
1.50%
1.25%
3.3% *
1.50%
1.25%
Reserves/
National Guard
None
5% or more (up to 10%)
10% or more
2.4%
1.75%
1.5%
3.3% *
1.75%
1.5%
Cash-Out Refinancing Loans
Type of Veteran
Percentage for First Time Use
Percentage for Subsequent Use
Regular Military
2.15%
3.3% *
Reserves/
National Guard
2.4%
3.3% *
* The higher subsequent use fee does not apply to these types of loans if the veteran’s only prior use of entitlement was for a manufactured home loan.
Other Types Of Loans
Type of Loan
Percentage for Either Type of Veteran Whether First Time or Subsequent Use
