VA Funding Fee

The VA Funding Fee is a one-time fee that is charged on most DFW VA Loans. This fee goes into a pool of funds that enables the government to back all DFW 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” DFW 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 DFW VA Loans.

Thurber Mortgage Planning at Trademark Mortgage, Inc.
David Thurber
NMLS #249407
1668 Keller Pkwy. Suite 200
Keller, Texas 76248
P: (682) 238-1457
Email: dthurber@dtmortgageplanning.com

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


David Thurber is a Residential Mortgage Loan Originator NMLS #249407, (682) 238-1457 - 1668 Keller Pkwy. Suite 200 | Keller, Texas 76248. Powered by Trademark Mortgage, Inc. NMLS #32139, 13150 Coit Rd. #100, Dallas, TX 75240 877 879-8989 Information subject to change without notice. This is not an offer for extension of credit or a commitment to lend. http://www.nmlsconsumeraccess.org

Texas Mortgage Banker Disclosure

Pursuant to the requirements of Section 157.007 of the Mortgage Banker Registration and Residential Mortgage Loan Originator License Act, Chapter 157, Texas Finance Code, you are hereby notified of the following:

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CASUED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIUMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV.


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