Va Funding Fee 2024 Subsequent Use. 2.3% for your first use and 3.6% for subsequent uses of the va. The va funding fee is expressed as a percentage of the loan amount.
For a subsequent home purchase, the fee is usually 3.3 percent, but it can also be affected by a down payment. As you’ll see in the va funding fee table for 2024 below, veterans purchasing with a va loan for the first time receive a lower fee than subsequent users.
For Regular Military Borrowers With No Down Payment, The Funding Fee Is 2.3%.
In a purchase transaction, for example, where the sales price is $100,000 and the maximum base loan amount is limited to $95,000 due to the nov of the same.
While There's No Minimum Credit Score Requirement, Most Lenders Prefer A Score Of At Least 620 For A Va Loan.
The subsequent use funding fee.
As You'll See In The Va Funding Fee Table For 2024 Below, Veterans Purchasing With A Va Loan For The First Time Receive A Lower Fee Than Subsequent Users.
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Va home loan requirements for 2024:
The Va Funding Fee Is Expressed As A Percentage Of The Loan Amount.
While there’s no minimum credit score requirement, most lenders prefer a score of at least 620 for a va loan.