New VA Funding Fee Chart for 2020

–>> Please note:  The VA Funding Fees have been reduced back down – read here for updated 2023 VA Funding Fee charts

The Veterans Administration has published the new VA Funding Fee Chart that became effective Jan 1, 2020.  The changes to the VA Funding Fee were part of the Blue Water Navy Vietnam Veterans Act of 2019.

There are 3 significant changes within the Blue Water Navy Vietnam Veterans Act:

  • VA Funding Fees were adjusted upward 
  • VA Loan Limits were virtually eliminated for many Veterans
  • Purple Heart Recipients still on Active Duty may be Exempt from the VA Funding Fee

This article will focus on the new VA Funding Fees that become effective Jan 1, 2020.   This is the first change to VA Funding Fees in many years.   The increase in the VA Funding Fees will only marginally effect housing costs for most Veterans,  call me for a specific quote. 

Here are the 2020 VA Funding Fees: 

Type of LoanDownpaymentPercentage for
First Time use
Percentage for
Subsequent Use
Purchase and Construction Loans
5% but less than 10%
10% or more
Cash-Out Refinance Loans
Loan Assumptionsn/a.50%.50%

We have been helping Veterans and Active Duty Military purchase and refinance homes since 2008 throughout our service areas.    Give us a call at 866-900-2342 Toll Free or call /text Brian direct at 760-752-4480 to get help with your VA Loan, or to get your VA Loan Questions answered. 



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