In Circular 26-23-06, the U.S. Department of Veterans Affairs (VA) announced reduced funding fees for purchase, construction and cash-out refinance loans guaranteed by the VA that are closed on or after April 7, 2023.  The current funding fee amounts for loans closed prior to April 7, 2023, are set forth in Exhibit A to the Circular.  The funding fee amounts for loans closed on or after April 7, 2023, are set forth in Exhibit B to the Circular.  The funding fee amounts for an interest rate reduction refinance loan (IRRRL) (which is the VA’s version of a streamlined refinance loan), a manufactured home loan (for homes not permanently affixed to the property), a loan assumption, and a Native American direct loan (non-IRRRL) remain the same.

[View source.]