{
 "rule_id": "frc:rule:va-funding-fee-2023-04-07",
 "title": "VA home loan funding fee percentages",
 "issuer_of_rule": "U.S. Department of Veterans Affairs; rates set by the Blue Water Navy Vietnam Veterans Act (P.L. 116-23) as reduced effective 2023-04-07",
 "effective_from": "2023-04-07",
 "effective_to": null,
 "supersedes": "2.30% / 3.60% purchase rates in effect 2020-01-01 to 2023-04-06",
 "cells": [
  {
   "use": "purchase or construction, first use",
   "down_payment": "less than 5%",
   "fee_pct": 2.15
  },
  {
   "use": "purchase or construction, first use",
   "down_payment": "5% to less than 10%",
   "fee_pct": 1.5
  },
  {
   "use": "purchase or construction, first use",
   "down_payment": "10% or more",
   "fee_pct": 1.25
  },
  {
   "use": "purchase or construction, subsequent use",
   "down_payment": "less than 5%",
   "fee_pct": 3.3
  },
  {
   "use": "purchase or construction, subsequent use",
   "down_payment": "5% to less than 10%",
   "fee_pct": 1.5
  },
  {
   "use": "purchase or construction, subsequent use",
   "down_payment": "10% or more",
   "fee_pct": 1.25
  },
  {
   "use": "cash-out refinance, first use",
   "fee_pct": 2.15
  },
  {
   "use": "cash-out refinance, subsequent use",
   "fee_pct": 3.3
  },
  {
   "use": "IRRRL (streamline refinance)",
   "fee_pct": 0.5
  }
 ],
 "contract": {
  "required_qualifiers": [
   "first vs subsequent use",
   "down payment band",
   "loan purpose",
   "closing date on or after 2023-04-07",
   "exemption status (disability-rated veterans and some others are exempt)"
  ],
  "does_not_establish": [
   "the fee for exempt borrowers (0%)",
   "rates before 2023-04-07"
  ]
 },
 "machine_readable_by": "FinanceRateCalc, from the public source named; not an official file of the issuer; CC BY 4.0; corrections: https://financeratecalc.com/corrections.html",
 "verify": "https://financeratecalc.com/verify.html",
 "sha256": "c7231a5889f2e18ecd9a980f88012a2d930d87441a49ec99149cf46c8aceb429"
}