| If you ... |
Then your Funding Fee is ... |
| have not used
your eligibility before and are not using a down payment (100% Loan) |
2.15% of the mortgage loan |
| have not used
your eligibility before and are putting down at least 5% of the sales price
of the home |
1.5% of the mortgage loan |
| have not used
your eligibility before and are putting down at least 10% of the sales
price of the home |
1.25% of the mortgage loan |
| have used your
eligibility before and are not using a down payment (100% Loan) |
3.30% of the mortgage loan
(until 10/1/06) |
| have used your
eligibility before and are putting down at least 5% of the sales price of
the home |
1.5% of the mortgage loan |
| have used your
eligibility before and are putting down at least 10% of the sales price of
the home |
1.25% of the mortgage loan |
| are using Reserve or Nat'l
Guard Activity as
your eligibility |
Add .25% to all of the above
factors |
| are performing an Interest
Rate Reduction Refinance Loan |
.5% of the mortgage loan |
| are performing a Cash-Out
Refinance Loan |
3.30% of the mortgage loan
(unless first time user) (until 10/1/06) |
