Definitions for "Funding fee"
Keywords:  dva, veteran, ood, reservists, upfront
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