Updated November 11, 2026
Short answer
For a VA purchase loan, VA's current chart (effective April 7, 2023) is 2.15% for first use with less than 5% down, 3.3% after first use, 1.5% with 5% or more down and 1.25% with 10% or more down.
Other loan types
Cash-out refinance: 2.15% first use, 3.3% after. Interest rate reduction refinance (IRRRL): 0.5%. Loan assumption: 0.5%. Manufactured home not permanently affixed: 1% (VA.gov).
Paying it
You can pay it at closing or finance it into the loan. On a purchase, it's the only closing cost you can finance (VA.gov).
Talk it through
Buying in Tampa Bay? Krystal Crichlow with eXp Realty works with VA buyers. Anywhere else in the U.S., she can refer you to a VA-experienced local agent at no cost to you. Use the form to tell us where and when.
Disclosure: TheBayPros' owner is related to Krystal Crichlow (eXp Realty), who may be among the agents introduced to you. You can choose any agent you like. We are not a lender and do not make loans. General information from VA.gov; rules change, so confirm with VA and your lender.