funding fee

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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Homebuyers can finance up to 100 percent of the purchase price, with no down payment, a low upfront funding fee and low monthly USDA fee.
The downside of the VA loan includes a funding fee, which runs about 2% and complicated eligibility requirements and limits.
Evotec will receive a fixed research funding fee over the term of collaboration and will be further rewarded on achieving the goals of the research collaboration with early stage discovery, preclinical and clinical milestones.
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.
QUESTION: Would GSA be willing to negotiate less than the one percent industrial funding fee for MAS/BPAs?
According to an article in the November 19, 2002, issue of Federal Contracts Report, GSA has announced that, effective January 1, 2004, it intends to reduce the industrial funding fee for the multiple-awards schedule (MAS) program from 1 percent to 0.75 percent.
GSA has issued a proposed rule to amend the General Services Administration Acquisition Regulation (GSAR) with respect to provisions regarding Industrial Funding Fees (IFF).
However, VA funding fees and FHA mortgage insurance fees are not deductible as points.
GAO said revenue from the fees, known as industrial funding fees, exceeds the cost of operating the schedules by 53%.

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