Extremely experts who get or refinance a house with a Virtual assistant loan need to pay a one-go out financial support payment. Which percentage helps cover the fresh new Virtual assistant loan program whenever mortgages default.

Instance, some experts to shop for the first house or apartment with an effective Va financing will get pay a financing commission of just one.65%. If the this type of veterans try credit $two hundred,100 to shop for their homes, they are going to have to pay a financing commission away from $step three,three hundred. (1.65% off $two hundred,100000 = $3,three hundred.)