VA Funding Fee

The VA Funding Fee is a one-time fee that is charged on most California or Arizona VA Loans. This fee goes into a pool of funds that enables the government to back all California or Arizona VA Loans. The pool essentially ensures lenders in case home owners default on their loan, so that they can recover enough to at least pay off the mortgage.

We say the VA Funding Fee is charged on “most” California or Arizona VA Loans because there are exceptions. If a Veteran is any percentage disabled, then they are exempt from the funding fee. Exemption can be confirmed on the Veteran’s Certificate of Eligibility.

There are many factors that determine the amount of the VA Funding Fee. For example, whether or not the Veteran has used their VA loan benefits before affects the amount of the funding fee. Other factors such as whether the Veteran was active duty or reserves, how much they are putting down on the home purchase, and the type of VA loan, also affect the amount of the funding fee.

Here is a chart that breaks down the funding fee amounts for all types of California or Arizona VA Loans.

Fairway Independent Mortgage Corp
Craig Gallegos & Dawn Buxton
Craig Gallegos NMLS# 447602 / Dawn Buxton NMLS# 308905.
Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.
2325 E Camelback Rd
Phoenix, Arizona 85016
P: 602-783-1529
Email: craig.gallegos@fairwaymc.com

This website is not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.


Fairway Independent Mortgage Corporation. NMLS #2289. Copyright 2016 Fairway Independent Mortgage Corporation. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations should apply. All rights reserved. Arizona Mortgage Banker License No. 0904162. Dawn Buxton NMLS 308905 | Craig Gallegos NMLS 447602 Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.
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