38 U.S.C. § 3729
| Type of loan | Active duty veteran | Reservist | Other obligor |
| (A)(i) Initial loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other initial loan described in section 3710(a) other than with 5-down or 10-down (closed on or after October 1, 2004, and before January 1, 2020) | 2.15 | 2.40 | NA |
| (A)(ii) Initial loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other initial loan described in section 3710(a) other than with 5-down or 10-down (closed on or after January 1, 2020, and before April 7, 2023) | 2.30 | 2.30 | NA |
| (A)(iii) Initial loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other initial loan described in section 3710(a) other than with 5-down or 10-down (closed on or after April 7, 2023, and before November 29, 2031) | 2.15 | 2.15 | NA |
| (A)(iv) Initial loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other initial loan described in section 3710(a) other than with 5-down or 10-down (closed on or after November 29, 2031) | 1.40 | 1.40 | NA |
| (B)(i) Subsequent loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other subsequent loan described in section 3710(a) (closed on or after October 1, 2004, and before January 1, 2020) | 3.30 | 3.30 | NA |
| (B)(ii) Subsequent loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other subsequent loan described in section 3710(a) (closed on or after January 1, 2020, and before April 7, 2023) | 3.60 | 3.60 | NA |
| (B)(iii) Subsequent loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other subsequent loan described in section 3710(a) (closed on or after April 7, 2023, and before November 29, 2031) | 3.30 | 3.30 | NA |
| (B)(iv) Subsequent loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other subsequent loan described in section 3710(a) (closed on or after November 29, 2031) | 1.25 | 1.25 | NA |
| (C)(i) Loan described in section 3710(a) to purchase or construct a dwelling with 5-down (closed before January 1, 2020) | 1.50 | 1.75 | NA |
| (C)(ii) Loan described in section 3710(a) to purchase or construct a dwelling with 5-down (closed on or after January 1, 2020, and before April 7, 2023) | 1.65 | 1.65 | NA |
| (C)(iii) Loan described in section 3710(a) to purchase or construct a dwelling with 5-down (closed on or after April 7, 2023, and before November 29, 2031) | 1.50 | 1.50 | NA |
| (C)(iv) Loan described in section 3710(a) to purchase or construct a dwelling with 5-down (closed on or after November 29, 2031) | 0.75 | 0.75 | NA |
| (D)(i) Loan described in section 3710(a) to purchase or construct a dwelling with 10-down (closed before January 1, 2020) | 1.25 | 1.50 | NA |
| (D)(ii) Loan described in section 3710(a) to purchase or construct a dwelling with 10-down (closed on or after January 1, 2020, and before April 7, 2023) | 1.40 | 1.40 | NA |
| (D)(iii) Loan described in section 3710(a) to purchase or construct a dwelling with 10-down (closed on or after April 7, 2023, and before November 29, 2031) | 1.25 | 1.25 | NA |
| (D)(iv) Loan described in section 3710(a) to purchase or construct a dwelling with 10-down (closed on or after November 29, 2031) | 0.50 | 0.50 | NA |
| (E) Interest rate reduction refinancing loan | 0.50 | 0.50 | NA |
| (F) Direct loan under section 3711 | 1.00 | 1.00 | NA |
| (G) Manufactured home loan under section 3712 (other than an interest rate reduction refinancing loan) | 1.00 | 1.00 | NA |
| (H) Loan to Native American veteran under section 3762 (other than an interest rate reduction refinancing loan) | 1.25 | 1.25 | NA |
| (I) Loan assumption under section 3714 | 0.50 | 0.50 | 0.50 |
| (J) Loan under section 3733(a) | 2.25 | 2.25 | 2.25. |
38 U.S.C. § 3729
EDITORIAL NOTES
AMENDMENTS2024-Subsec. (b)(2). Pub. L. 118-83 substituted "November 29, 2031" for "November 15, 2031" wherever appearing in table. 2023-Subsec. (b)(2). Pub. L. 118-19 substituted "November 15, 2031" for "November 14, 2031" wherever appearing in table. 2022-Subsec. (b)(2). Pub. L. 117-328 substituted "November 14, 2031" for "January 14, 2031" wherever appearing in table.2021-Subsec. (b)(2). Pub. L. 117-76 substituted "January 14, 2031" for "October 1, 2030" wherever appearing in table. Pub. L. 116-315, §2103, substituted "October 1, 2030" for "October 1, 2029" wherever appearing in table. Subsec. (b)(4)(D). Pub. L. 116-315, §2102(1), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: "The term 'initial loan' means a loan to a veteran guaranteed under section 3710 or made under section 3711 of this title if the veteran has never obtained a loan guaranteed under section 3710 or made under section 3711 of this title." Subsec. (b)(4)(E). Pub. L. 116-315, §2102(2), substituted "that is not an initial loan" for "if the veteran has previously obtained a loan guaranteed under section 3710 or made under section 3711 of this title".Subsec. (c)(1). Pub. L. 116-283 substituted "air, or space service" for "or air service". 2020-Subsec. (b)(2). Pub. L. 116-154 added loan fee table and struck out former loan fee table which set out amounts of fees per loan type.2019-Subsec. (b)(2). Pub. L. 116-23, §6(b), added loan fee table and struck out former loan fee table which set out amounts of fees per loan type.Subsec. (c)(1). Pub. L. 116-23, §6(c), substituted ",from a surviving spouse" for "or from a surviving spouse" and inserted ",or from a member of the Armed Forces who is serving on active duty and who provides, on or before the date of loan closing, evidence of having been awarded the Purple Heart" before period at end. 2018-Subsec. (b)(2). Pub. L. 115-182 substituted "2028" for "2027" wherever appearing in table. 2017-Subsec. (b)(2). Pub. L. 115-46 substituted "September 30, 2027" for "September 30, 2024" wherever appearing in table.2014-Subsec. (b)(2). Pub. L. 113-146 substituted "September 30, 2024" for "October 1, 2017" wherever appearing in table.2012-Subsec. (b)(2). Pub. L. 112-154, §702(b), substituted "October 1, 2017" for "October 1, 2016" wherever appearing in table.Subsec. (c)(2). Pub. L. 112-154, §210, amended par. (2) generally. Prior to amendment, par. (2) read as follows: "A veteran who is rated eligible to receive compensation as a result of a pre-discharge disability examination and rating shall be treated as receiving compensation for purposes of this subsection as of the date on which the veteran is rated eligible to receive compensation as a result of the pre-discharge disability examination and rating without regard to whether an effective date of the award of compensation is established as of that date." 2011-Subsec. (b)(2). Pub. L. 112-37 substituted "November 18, 2011" for "October 1, 2011" wherever appearing in table. Subsec. (b)(2)(A)(iii), (iv). Pub. L. 112-56, §265(a)(1), substituted "October 1, 2016" for "November 18, 2011".Subsec. (b)(2)(B)(i). Pub. L. 112-56, §265(a)(2)(A), substituted "October 1, 2016" for "November 18, 2011". Pub. L. 112-26, §3(a)(1), substituted "October 1, 2011" for "January 1, 2004" and substituted "3.30" for "3.00" in two places.Subsec. (b)(2)(B)(ii). Pub. L. 112-56, §265(a)(2)(B)-(D), redesignated cl. (iv) as (ii), substituted "October 1, 2016" for "October 1, 2013", and struck out former cl. (ii) which listed loan fees of 2.80 percent in the first two table columns for a subsequent loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other subsequent loan described in section 3710(a) (closed on or after Nov. 18, 2011, and before Oct. 1, 2012). Pub. L. 112-26, §3(a)(2), substituted "October 1, 2011, and before October 1, 2012" for "January 1, 2004, and before October 1, 2011" and substituted "2.80" for "3.30" in two places.Subsec. (b)(2)(B)(iii). Pub. L. 112-56, §265(a)(2)(B), struck out cl. (iii) which listed loan fees of 2.15 percent in the first two table columns for a subsequent loan described in section 3710(a) to purchase or construct a dwelling with 0-down, or any other subsequent loan described in section 3710(a) (closed on or after Oct. 1, 2012, and before Oct. 1, 2013). Pub. L. 112-26, §3(a)(3), substituted "October 1, 2012" for "October 1, 2011".Subsec. (b)(2)(B)(iv). Pub. L. 112-56, §265(a)(2)(C), redesignated cl. (iv) as (ii).Subsec. (b)(2)(C), (D). Pub. L. 112-56, §265(a)(3), (4), substituted "October 1, 2016" for "November 18, 2011" wherever appearing. 2010-Subsec. (c)(1). Pub. L. 111-275 inserted "or active service pay" after "retirement pay". 2004-Subsec. (c). Pub. L. 108-454 designated existing provisions as par. (1) and added par. (2). 2003-Subsec. (b)(2). Pub. L. 108-183 amended par. (2) generally, revising table by adding cls. (iii) and (iv) of subpars. (A) and (B) and changing dates in subpars. (A) and (B). 2001- Pub. L. 107-14 made technical amendment to Pub. L. 106-419. See 2000 Amendment note below.Subsec. (b)(2). Pub. L. 107-103, §405(c), substituted "October 1, 2011" for "October 1, 2008" wherever appearing in table.Subsec. (b)(4)(B). Pub. L. 107-103, §406, inserted "who is eligible under section 3702(a)(2)(E) of this title" before period.2000- Pub. L. 106-419 as amended by Pub. L. 107-14 amended text generally, substituting present provisions for provisions which established loan fee, set fee as 1.25 percent of total loan amount, with exceptions, provided that amount of fee may be included in loan amount and paid from proceeds thereof, provided for increased loan fee percentage for loans closed during specified period, provided for fees on subsequent loans and assumed loans, and provided that fees may not be collected from veterans receiving compensation or from surviving spouses of any veterans who died from service-connected disability. 1998-Subsec. (a)(1). Pub. L. 105-368, §602(e)(1)(D)(ii), substituted "(c)" for "(c)(1)". Subsec. (a)(4). Pub. L. 105-368, §603(b), designated existing provisions as subpar. (A), substituted "during the period specified in subparagraph (B)" for "after September 30, 1993, and before October 1, 2002,", and added subpar. (B). Subsec. (c). Pub. L. 105-368, §603(e)(1)(D)(i), struck out "(1)" before "A fee may not" and struck out pars. (2) and (3) which read as follows:"(2) There shall be credited to the Guaranty and Indemnity Fund (in addition to the amount required to be credited to such Fund under clause (A) or (B) of paragraph (2) of section 3725(c) of this title or paragraph (3) of that section), on behalf of a veteran or surviving spouse described in paragraph (1) of this subsection, an amount equal to the fee that, except for paragraph (1) of this subsection, would be collected from such veteran or surviving spouse."(3) Credits to the Guaranty and Indemnity Fund under paragraph (2) of this subsection with respect to loans guaranteed, insured, or made under this chapter that are closed during fiscal year 1990 shall be made in October 1990." 1997-Subsec. (a)(2)(A). Pub. L. 105-33, §8032(1)(A), struck out "or 3733(a)" after "section 3711".Subsec. (a)(2)(F). Pub. L. 105-33, §8032(1)(B)-(D), added subpar. (F). Subsec. (a)(4). Pub. L. 105-33, §§8012(1), 8032, substituted "October 1, 2002" for "October 1, 1998" and "(E), or (F)" for "or (E)".Subsec. (a)(5)(C). Pub. L. 105-33, §8012(2), substituted "October 1, 2002" for "October 1, 1998". 1996-Subsec. (a)(2)(E). Pub. L. 104-275 substituted "3712(a)(1)(F), or 3762(h)" for "or 3712(a)(1)(F)". 1994-Subsec. (a)(2)(E). Pub. L. 103-446 inserted "3710(a)(11)," after "3710(a)(9)(B)(i),". 1993-Subsec. (a)(2). Pub. L. 103-66, §12007(c), substituted "paragraphs (4) and (5)" for "paragraph (6)" in introductory provisions.Subsecs. (a)(4) to (6). Pub. L. 103-66, §12007(a), (b), added pars. (4) and (5) and struck out par. (6) which read as follows: "With respect to each loan closed during the period beginning on November 1, 1990, and ending on September 30, 1991, each amount specified in paragraph (2) of this subsection shall be increased by 0.625 percent of the total loan amount."1992-Subsec. (a)(2)(A). Pub. L. 102-547, §5(1), inserted "(other than section 3712(a)(1)(F))" after "section 3712".Subsec. (a)(2)(D). Pub. L. 102-547, §2(b)(1), added subpar. (D).Subsec. (a)(2)(E). Pub. L. 102-547, §5(2), added subpar. (E). 1991- Pub. L. 102-83, §5(a), renumbered section 1829 of this title as this section. Subsec. (a)(1). Pub. L. 102-83, §5(c)(1), substituted "3733(a)" for "1833(a)". Subsec. (a)(2). Pub. L. 102-83, §5(c)(1), substituted "3711 or 3733(a)" for "1811 or 1833(a)" and "3712" for "1812" in subpar. (A) and "3712(a)" for "1812(a)" in subpars. (B) and (C). Subsec. (a)(3) to (5). Pub. L. 102-54, §15(a)(3), redesignated par. (5) as (3) and struck out former pars. (3) and (4) which read as follows: "(3) Except as provided in paragraph (4) of this subsection, there shall be credited to the Guaranty and Indemnity Fund (in addition to the amount required to be credited to such Fund under section 1825(c)(2)(A) or (B) of this title), on behalf of a veteran who has made a downpayment described in paragraph (2)(C) of this subsection, an amount equal to 0.25 percent of the total loan amount for the fiscal year in which the loan is closed and for the following fiscal year."(4) Credits to the Guaranty and Indemnity Fund under paragraph (3) of this subsection with respect to loans guaranteed or insured under this chapter that are closed during fiscal year 1990 shall be made in October 1990 and October 1991."Subsec. (b). Pub. L. 102-83, §5(c)(1), substituted "3714" for "1814". Subsec. (c)(2). Pub. L. 102-83, §5(c)(1), substituted "3725(c)" for "1825(c)". Pub. L. 102-54, §15(a)(4), substituted "clause (A) or (B) of paragraph (2) of section 1825(c) of this title or paragraph (3) of that section" for "section 1825(c)(2)(A) or (B) of this title and subsection (a)(3) of this section". 1990-Subsec. (a)(2). Pub. L. 101-508, §8032(1), substituted "Except as provided in paragraph (6) of this subsection, the amount" for "The amount".Subsec. (a)(6). Pub. L. 101-508, §8032(2), added par. (6).1989- Pub. L. 101-237, §303(a), amended section generally. Prior to amendment, section read as follows:"(a) Except as provided in subsection (b) of this section, a fee shall be collected from each veteran obtaining a housing loan guaranteed, made, or insured under this chapter, and from each person obtaining a loan from the Secretary to finance the purchase of real property from the Secretary, and no such loan may be guaranteed, made, or insured under this chapter until the fee payable with respect to such loan has been remitted to the Secretary. The amount of the fee shall be one percent of the total loan amount. The amount of the fee may be included in the loan and paid from the proceeds thereof."(b) A fee may not be collected under this section from a veteran who is receiving compensation (or who but for the receipt of retirement pay would be entitled to receive compensation) or from a surviving spouse of any veteran (including a person who died in the active military, naval, or air service) who died from a service-connected disability."(c) A fee may not be collected under this section with respect to any loan closed after September 30, 1990. "(d) Except as provided in subsection (b) of this section, a fee shall be collected from a person assuming a loan to which section 1814 of this chapter applies. The amount of the fee shall be equal to one-half of one percent of the balance of such loan on the date of the transfer of the property."Subsec. (a). Pub. L. 101-237, §313(b)(1), substituted "Secretary" for "Administrator" wherever appearing. Subsec. (c). Pub. L. 101-239 substituted "September 30, 1990" for "September 30, 1989".1988-Subsec. (d). Pub. L. 100-322 substituted "section 1814" for "section 1817A". 1987-Subsec. (b). Pub. L. 100-198, §2(b), substituted "of any veteran (including a person who died in the active military, naval, or air service) who died from a service-connected disability" for "described in section 1801(b)(2) of this title".Subsec. (c). Pub. L. 100-198, §2(a), and Pub. L. 100-203 amended subsec. identically, substituting "September 30, 1989" for "September 30, 1987".Subsec. (d). Pub. L. 100-198, §10(c), added subsec. (d). 1984-Subsec. (a). Pub. L. 98-369, §2511(a)(1), inserted "and from each person obtaining a loan from the Administrator to finance the purchase of real property from the Administrator," after "under this chapter,", struck out "one-half of" before "one percent of the total loan amount", and struck out "to the veteran" after "in the loan".Subsecs. (c), (d). Pub. L. 98-367, §2511(a)(2), (3), redesignated subsec. (d) as (c) and substituted "September 30, 1987" for "September 30, 1985". Former subsec. (c), which related to deposit of fees collected under this section into Treasury as miscellaneous receipts, was struck out.
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 2019 AMENDMENT Amendment by Pub. L. 116-23 applicable with respect to a loan guaranteed under section 3710 of this title on or after Jan. 1, 2020, see section 6(d) of Pub. L. 116-23 set out as a note under section 3703 of this title.
EFFECTIVE DATE OF 2011 AMENDMENT Pub. L. 112-56, title II, §265(b), Nov. 21, 2011, 125 Stat. 733, provided that: "The amendments made by subsection (a) [amending this section] shall take effect on the later of-"(1) November 18, 2011; or"(2) the date of the enactment of this Act [Nov. 21, 2011]." Pub. L. 112-26, §3(b), Aug. 3, 2011, 125 Stat. 269, provided that: "The amendments made by subsection (a) [amending this section] shall take effect on the later of October 1, 2011, or the date of the enactment of this Act [Aug. 3, 2011]."
EFFECTIVE DATE OF 2003 AMENDMENT Pub. L. 108-183, title IV, §405, Dec. 16, 2003, 117 Stat. 2665, provided that the amendment made by section 405 is effective Jan. 1, 2004.
EFFECTIVE DATE OF 2001 AMENDMENT Pub. L. 107-14, §8(b), June 5, 2001, 115 Stat. 36, provided that the amendment made by section 8(b) is effective Nov. 1, 2000, and as if included in the Veterans Benefits and Health Care Improvement Act of 2000, Pub. L. 106-419 as enacted.
EFFECTIVE DATE OF 1998 AMENDMENT Amendment by Pub. L. 105-368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105-368 set out as a note under section 2106 of this title.
EFFECTIVE DATE OF 1989 AMENDMENT Pub. L. 101-237, title III, §303(b), Dec. 18, 1989, 103 Stat. 2073, provided that: "The amendments made by this section [amending this section] shall take effect on January 1, 1990."
EFFECTIVE DATE OF 1984 AMENDMENT Pub. L. 98-369, div. B, title V, §2511(c), July 18, 1984, 98 Stat. 1117, provided that:"(1) The amendments made by subsection (a)(1) [amending this section] shall apply with respect to loans closed after the end of the 30-day period beginning on the date of the enactment of this Act [July 18, 1984]."(2) The amendments made by subsections (a)(2) and (b) [amending this section and section 1824 [now 3724] of this title] shall apply with respect to loans closed on or after the date of the enactment of this Act [July 18, 1984]. "(3) The amendment made by subsection (a)(3) [amending this section] shall take effect on the date of the enactment of this Act [July 18, 1984]."
EFFECTIVE DATEPub. L. 97-253, title IV, §406(b), Sept. 8, 1982, 96 Stat. 805, as amended by Pub. L. 102-83, §5(c)(2), Aug. 6, 1991, 105 Stat. 406, provided that: "Section 1829 [now 3729] of title 38, United States Code, as added by subsection (a), shall apply only to loans closed after September 30, 1982."
TEMPORARY INCREASE IN CERTAIN HOUSING LOAN FEES Pub. L. 109-233, title I, §101(f), June 15, 2006, 120 Stat. 399, provided that: "For a subsequent loan described in subsection (a) of section 3710 of title 38, United States Code, to purchase or construct a dwelling with 0-down or any other subsequent loan described in that subsection, other than a loan with 5-down or 10-down, that is closed during fiscal year 2007, the Secretary of Veterans Affairs shall apply section 3729(b)(2) of such title by substituting '3.35' for '3.30'."
FEE FOR LOAN ASSUMPTION Pub. L. 107-330, title III, §307, Dec. 6, 2002, 116 Stat. 2827, provided that:"(a) IN GENERAL.-For the period described in subsection (b), the Secretary of Veterans Affairs shall apply section 3729(b)(2)(I) of title 38, United States Code, by substituting '1.00' for '0.50' each place it appears."(b) PERIOD DESCRIBED.-The period referred to in subsection (a) is the period that begins on the date that is 7 days after the date of the enactment of this Act [Dec. 6, 2002] and ends on September 30, 2003."
RATIFICATION OF ACTIONS BY SECRETARY OF VETERANS AFFAIRS AND BY SECRETARY OF THE TREASURY BETWEEN OCT. 1, 1990, AND JUNE 13, 1991 Pub. L. 102-54, §15(b), June 13, 1991, 105 Stat. 289, as amended by Pub. L. 102-83, §5(c)(2), Aug. 6, 1991, 105 Stat. 406, provided that:"(1) Any action of the Secretary of Veterans Affairs or the Secretary of the Treasury- "(A) that was taken during the period beginning on October 1, 1990, and ending on the date of the enactment of this Act [June 13, 1991]; and"(B) that would have been an action carried out under section 3725(c)(3) [formerly 1825(c)(3)] of title 38, United States Code, if the amendment made by paragraph (2) of subsection (a) of this section had been made before October 1, 1990,is hereby ratified. "(2) Any failure to act by the Secretary of Veterans Affairs or the Secretary of the Treasury during such period under section 3729(a)(3) [formerly 1829(a)(3)] of such title is hereby ratified."
RATIFICATION OF ACTIONS OF SECRETARY OF VETERANS AFFAIRS DURING TRANSITION PERIODSFor provisions ratifying any actions of the Secretary of Veterans Affairs in carrying out this section during the period beginning Dec. 1, 1989, and ending Dec. 18, 1989, see section 604 of Pub. L. 101-237 set out as a note under section 1720B of this title.For provisions ratifying any actions of the Secretary of Veterans Affairs in carrying out this section during the period beginning Oct. 1, 1989, and ending Oct. 6, 1989, see section 3(b) of Pub. L. 101-110 set out as a note under section 1720B of this title.
RULE FOR CONSTRUCTION OF DUPLICATE PROVISIONSFor rule relating to construction of provisions of Pub. L. 100-203 and Pub. L. 100-198 making duplicate amendments to this section, see section 7004(b) of Pub. L. 100-203 set out as a note under section 3733 of this title.
EXTENSION OF TIME FOR COLLECTION OF FEES Pub. L. 101-237, title III, §303(c), Dec. 18, 1989, 103 Stat. 2073, directed Secretary of Veterans Affairs to collect fees under this section through Dec. 31, 1989. Pub. L. 101-110, §2, Oct. 6, 1989, 103 Stat. 682, authorized collection of fees under this section with respect to loans closed before Dec. 1, 1989. Pub. L. 100-136, §1(b), Oct. 16, 1987, 101 Stat. 813, authorized collection of fees under this section with respect to loans closed through Nov. 15, 1987.
HOME LOAN ORIGINATION FEE Pub. L. 99-576, title IV, §409, Oct. 28, 1986, 100 Stat. 3283, provided that: "It is the sense of the Congress that the Veterans' Administration loan origination fee should not be increased above its present level of one percent of the amount of the loan guaranteed."