Veteran Va Funding Fee Authorization

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Veteran VA Funding Fee Authorization
Qualifying veteran borrower please complete the following:
1. Qualifying Eligibility Status
I am an active duty or eligible veteran
I am an eligible National Guard or Reservist
2. Entitlement Usage
This transaction will represent my first time using my VA entitlement
I have used my VA entitlement on a prior transaction(s). This is not my first time use of my
entitlement.
3. Potential Funding Fee Exemption
Yes
No
Are you currently receiving disability benefits?
Yes
No
Would you be entitled to receive VA disability benefits, but for the receipt
of retired pay or active duty service pay?
Yes
No
Have you received VA disability benefits in the past?
Yes
No
Are you the surviving spouse of a veteran who died on active duty or as
a result of a service-connected disability?
If veteran answers “No” to all of the above questions under #3, a VA funding fee must be charged to the veteran
unless otherwise indicated on the veteran’s Certificate of Eligibility.
may
If veteran answers “Yes” to any of the questions under #3, the veteran
be considered by VA to be exempt from
a funding fee charge in connection with this VA home loan application. The veteran’s Certificate of Eligibility must be
reviewed for indication of exemption status.
Refer to the following chart to determine the appropriate VA Funding Fee Charge:
 
 
 
Reserved for Future Use 
Transaction 
 
First time Use of 
Subsequent Use of 
First time Use of 
Subsequent Use of 
Type 
Veteran Type 
Entitlement 
Entitlement 
Entitlement 
Entitlement 
 
Regular Military
 
0‐4.99%  Downpayment 
2.15% 
3.3% 
 
 
 
5 – 9.99% Downpayment 
1.50% 
1.5% 
 
 
 
10% Downpayment 
1.25% 
1.25% 
 
 
Purchase 
Reservist/ National Guard 
0‐4.99%  Downpayment 
2.40% 
3.30% 
 
 
5 – 9.99% Downpayment 
1.75% 
1.75% 
 
 
10% Downpayment 
1.50% 
1.50% 
 
 
Cash Out 
Regular Military 
Refinance 
Regardless of 
2.15% 
3.3% 
 
 
downpayment 
Reservist/  
National Guard 
2.40% 
3.3% 
 
 
Regardless of 
downpayment 
 
Regular Military or 
.50% 
IRRRL 
Reservist/ National Guard 
Regardless of usage, veteran status or downpayment 
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