If you’re taking out a second VA loan without making a down payment on the home you are purchasing, the fee will be higher this time around. This is because you already received the benefit of the VA entitlement and you are now taking advantage of the benefit a second time. If you want to reduce the amount of this fee you can do so by paying a down payment of at least 5 percent. If you pay a down payment of no less than 5 percent, you will be entitled to a reduced funding fee of 1.5 percent. If you pay a down payment of no less than 10 percent, the funding fee you pay will only be 1.25 percent. (Please note that National Guard and Reservist veterans will be required to pay a higher funding fee percentage as seen in this funding fee table.)