The VA funding fee is a fee the Department of Veterans Affairs charges to guarantee a VA home loan. This fee is most often financed into the loan. If the Veteran has a VA disability of 10% of more the VA waives their funding fee charge. On September 8, 2011 the VA announced a new funding fee schedule effective October 1, 2011. The fee charged is based on how many times you have used your VA home loan benefit, which branch of service you served in, and how much money (if any) you put down (down payment).
