The Department of Veterans Affairs says it has made refunds to all veterans who were mistakenly charged a funding fee on their VA guaranteed home loans. Generally, all veterans using the VA Home Loan Guaranty benefit must pay a funding fee. That funding fee is a percentage of the loan amount, which varies based on the type of loan as well as other factors. Veterans eligible for disability compensation, as well as surviving spouses of veterans who died as a result of service-connected issues, are exempt from the fee. A June report by the VA's Inspector General said that from Jan. 1, 2012, through Dec. 31, 2017, the VA improperly charged disabled veterans funding fees despite their exempt status. Read more on Military.com.
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