Definitions for "Funding fee"
Related Terms:
Va funding fee, Origination fee, Guarantee fee, Upfront costs, Loan origination fee, Insurance fee, Origination fees, Loan fee, Establishment fee, Mortgage discharge fee, Arrangement fee, Administration fee, Fha mortgage insurance, Loan application fee, Discharge fee, Application fee, Added to loan, Application fees, Guaranty fee, Loan origination fees, Fees, Booking fee, Servicing fee, Sealing fee, Establishment fees, Underwriting fee, Finance charge, Ongoing fee, Insurance premium, Valuation fee, Processing fee, No-cost loan, Fee, Arrangement fees, Commitment fee, Amount financed, Finance charges, Loan processing fee, Deferred establishment fee, Loan origination fee or points, Standby fee, Administrative fee, Settlement costs, Up-front costs, Origination points, Mortgage registration fee, Redemption charges, Points, Interest, Point
A percentage of the loan amount charged on VA loans to provide for administrative costs; the fee has increased over time and is higher for subsequent use by veterans, reservists and National Guard.
The consideration paid by a mortgagee (borrower) for mortgage insurance on a VA loan.
a fee charged by the Veterans Administration to insure the payment of the mortgage
A fee charged to guarantee a mortgage loan. (last updated 03/19/2004)
the fee the lender charges for arranging for the release of the loan funds to the title company.
A fee charged by the VA to guarantee a mortgage loan.
A fee paid for a loan. Used to identify the fee paid to the VA for issuing their guarantee. Also may be applied to an additional fee paid for funding a conventional loan, typically a commercial loan, at closing.
Percentage of total home loan paid to the VA at time of loan closing.
A fee charged in connection with DVA loans; the funding fee can be financed along with the loan. Gain—That portion of the proceeds from the sale of a capital asset, such as real estate, that the I.R.S. recognizes as taxable profit.
The amount VA charges on mortgages to cover administrative costs. ood Faith Estimate - A written estimate of closing costs which a lender must provide the borrower within three days of submitting an application.
The insurance premium that is collected up front on a VA loan to insure the lender against loss. This premium may be paid in cash or financed over the life of the loan. The amount of the premium is based on the loan-to-value ratio. There is no refund on any portion of this premium.
The charge paid by the borrower to the VA for the mortgage insurance provided by the VA on a veteran's mortgage.
The amount VA charges on mortgages to cover administrative costs. back to the top
The one-time upfront fee charged a Veteran (or active military) borrower on a VA mortgage loan. Can be paid in cash at closing or financed by adding it to the base loan amount.
A front-end charge of one percent of the loan amount paid by the borrower when securing a DVA guaranteed loan.
A fee associated with a VA loan used to guarantee the loan.
The fee paid and forwarded to the Veterans Administration to guarantee a VA home loan provided to a Veteran.
An origination fee on VA loans, usually equal to 1 percent of the amount financed.
Fees paid to the Department of Veterans Affairs for a VA loan.
A fee charged by the VA for a VA loan. The veteran can financing the fee, pay for it at closing or have the seller pay for the fee. Qualifying disabled veterans are exempt from this fee.