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You are here: Home / Mortagage Tips / Who Is Exempt From The VA Funding Fee?

Who Is Exempt From The VA Funding Fee?

January 15, 2016 by Nosari Home Mortgage, Inc.

Who is NOT required to pay the VA funding fee?

This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.

Broadly speaking, veterans who received disability benefits – current or former and who are NOT currently in debt to the government may be exempt from the funding fee. Some spouses may qualify as well.

The key thing to understand is, exemption from the funding fee is NOT automatic! Borrowers must certify their veteran status, government debt, benefits and active service state on VA Form 26-8937.

It’s important to tell your lender that they need to submit this form EARLY in your home-buying process – if they just look up your records without submitting the form the VA will not begin the review and approval process and your home purchase could be delayed by weeks. Who Is Exempt From The VA Funding Fee

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Filed Under: Mortagage Tips Tagged With: Mortgage Tips, VA Loans, Video

Chris Nosari


Nosari Home Mortgage
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1001 Hwy 62 E
Mountain Home, AR 72653
Phone: 870-425-8351
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