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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.



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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.
Contractors on GSA Schedules will be permitted to withhold a portion of the industrial funding fee to cover costs associated with a reduction in the fee.
 
 
 
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