VA Loan Guide
VA Loan Closing Costs & Fees
Understand VA funding fees, the 4% seller concession rule, and how to minimize your out-of-pocket costs
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Closing Costs
Typical VA Loan Closing Costs
VA loan closing costs typically range from 1% to 5% of the loan amount, though they're often lower than conventional loans.
Example: $400,000 Purchase
VA Funding Fee (2.15% for first-time use, $0 down)$8,600
VA Appraisal Fee$500-$800
Title Insurance & Search$1,500-$2,500
Credit Report$50-$100
Recording Fees$100-$300
Origination Fee (up to 1%)$0-$4,000
Estimated Total$10,750-$16,300
Note: Funding fee can be financed into the loan. Many fees can be covered by seller concessions.
Funding Fee
VA Funding Fee Explained
The VA funding fee helps keep the VA loan program running without taxpayer dollars. Learn more.
First-Time Use
- 0% down payment2.15%
- 5% down payment1.50%
- 10%+ down payment1.25%
Subsequent Use
- 0% down payment3.30%
- 5% down payment1.50%
- 10%+ down payment1.25%
Funding Fee Exemptions
Veterans receiving VA disability compensation and surviving spouses are exempt from the funding fee entirely.
Seller Concessions: The 4% Rule
Sellers can pay up to 4% of the loan amount toward the buyer's closing costs and prepaid items.
What Can Be Covered:
- VA funding fee
- Loan origination fees
- Title insurance and recording fees
- Prepaid property taxes and insurance
Allowed vs. Prohibited Fees
Allowed Fees
- VA appraisal fee
- Credit report fee
- Title examination and insurance
- Recording fees
- Survey costs (if required)
- Loan origination fee (up to 1%)
Prohibited Fees
- Attorney fees (except for title work)
- Loan processing fees
- Document preparation fees
- Application fees
- Underwriting fees
- Mortgage broker fees
Questions About VA Loan Costs?
Our team can help you understand exactly what to expect at closing
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