Kentucky VA Announces Reduced Funding Fees
Effective with loans closing on and after 04/07/2023, VA has announced new lower loan fee rates for Purchase and Cash Out Refinance loans. There is no change to the funding fees for other Kentucky VA Home Loan Types.
- VA Purchase / Construction Loans
- First Use
- Down Payment Amount:
- Less than 5%: Funding Fee 2.15%
- 5% or more down payment: 1.5%
- 10% or more down payment: 1.25%
- Down Payment Amount:
- Subsequent Use
- Down Payment Amount:
- Less than 5%: 3.3%
- 5% or more down payment: 1.5%
- 10% or more down payment: 1.25%
- Down Payment Amount:
- First Use
- VA Cash-Out Refinance
- First Use: 2.15%
- Subsequent Use: 3.3%
- Other VA Home Loan Types
- Interest Rate Reduction Refinance Loan (IRRRLs): 0.5%
- Loan Assumptions: 0.5%
Please note the following:
- For standard purchase loans, the reduced funding fee is based on the sales price.
- For construction purchase loans, equity in the secured property may be used as a down payment for calculating the reduced funding fee.
KENTUCKY VA MORTGAGE LENDER 
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