VA home loan expert, Chris Birk breaks down the VA Funding Fee, and explains what it covers.
The VA Funding Fee is a governmental fee applied to every VA purchase and refinance loan. This fee goes directly to the Department of Veterans Affairs to help cover losses and keep the loan guaranty program running for future generations of military homebuyers.
0:15 – Calculating the Fee Amount
0:40 – Breakdown of the Fee
1:08 – Refinance Funding Fee
2:07 – Certificate of Eligibility
2:44 – Ask the Seller to Pay Funding Fee
2:55 – Financing the Funding Fee
3:30 – Funding Fee Exemptions
5:16 – Unique Cases
Learn more about the VA Funding Fee:
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