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funding fee |
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funding fee (1) A fee charged to the borrower by the Veterans Administration for guaranteeing a loan. (2) A fee charged by lenders as additional profit,and which may be negotiated downward. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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But the funding fee goes up, unless they're a disabled veteran. Also included in the clauses of the loan rate act is the funding fee for loans. For active-duty personnel or veterans who put no money down, the funding fee is 2. |
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