Veteran's Administration charge for originating a VA loan.
A premium of up to 2 percent (depending on the size of the down payment) paid on a VA-backed loan. On a $75,000 30-year fixed-rate mortgage with no down payment, this would amount to $1,406 either paid at closing or added to the amount financed.
Fee which is payable to the Veteran's Administration. Charged only once and payable in advance at loan closing. Paid by the purchaser, this fee may be financed if stated in the contract and approved by the lender. Calculated on I % (one percent) of the loan amount.
The premium, up to 3% of the loan amount, that is paid on a mortgage backed by the Veterans Administration.
see VA Mortgage Funding Fee
VA's version of mortgage insurance. It is a one-time fee and is financed in most cases.