VA Circular 26-23-06: Funding Fee Charge Update

Veterans Benefits Administration sent this bulletin at 02/21/2023 06:53 AM EST

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Greetings,

The purpose of this communication is to announce that Circular 26-23-06 has been published.

Purpose: VA is publishing this Circular to announce a scheduled change to VA funding fee rates for loans closed on or after April 7, 2023, as listed on the loan fee table located in 38 U.S.C. §3729(b)(2).

Specifically, lenders must continue to charge non-exempt Veterans the current funding fee percentage for VA transactions that close prior to April 7, 2023.

For loans closed on or after April 7, 2023, lenders must charge non-exempt Veterans the new funding fee percentage from the loan fee table.

For more information, Circular 26-23-06 can be found at https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp.

Sincerely,

Loan Guaranty Service

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