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Veterans Affairs (VA) Benefits - Home Loan Guaranties Rates

This topic shows tables of Loan Guaranty Entitlement amounts and Funding Fee percentages used in the Veterans Affairs (VA) Home Loan Guaranties program. These values became effective in January 2004 and are valid through September 2011.

Loan Guaranty Entitlement

 

Loan Amount

Guaranty Percent

Maximum
Amount ($)

Up to $45,000

50

22,500

$45,001 to $56,250

40-50

22,500

$56,251 to $144,000

40

36,000

$144,001 or more

25

Freddie Mac limit

Manufactured home or lot

40

20,000

 

Funding Fees

 

Loan Category

Veterans
% of loan

Reservists
% of loan

Purchase or construction loans with down payments of less than 5 percent, refinancing loans and home improvement loans

2.15

2.4

Purchase or construction loans with down payments of at least 5 percent but less than 10 percent

1.5

1.75

Purchase or construction loans with down payments of 10 percent or more

1.25

1.5

Manufactured home loans

1.0

1.0

Interest rate reduction loans

0.5

0.5

Assumption of VA-guaranteed loans

0.5

0.5

Second or subsequent use without a down payment

3.3

3.3

 

See also:

Veterans Affairs (VA) Benefits - Home Loan Guaranties

Source

http://www.homeloans.va.gov/docs/funding_fee_tables.doc


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