VA loan closing costs are typically 1-5% of the loan amount. So for a $200,000 mortgage loan, closing costs could be anywhere from $2,000 to $10,000. Part of the reason VA closing costs vary so much is that the VA funding fee can be anywhere from 0.5% to 3.6% of the loan amo...
VA loans don’t require mortgage insurance. Instead you pay a one-time VA funding fee, which ranges from 1.25% to 3.3% for purchase mortgages as of April 7, 2023. The fee amount depends on your down payment amount and whether you’ve had a VA-backed loan before. You can pay it up...