verb (used without object), prorated, prorating. 1. to make an arrangement on a basis of proportional distribution. verb (used with object), prorated, prorating. 2. to divide, distribute, or calculate proportionately. Origin of prorate.
Origination charge: The VA allows lenders to charge up to 1 percent of the loan amount to cover origination, processing and underwriting costs. They can choose to either charge you a flat 1 percent origination fee, or pick and choose among a host of fees, so long as they add up to no more than 1 percent.
VA Funding Fee: Who Pays What and Why. Home ownership is a priority for many U.S. veterans. VA loans were created to help Americaâs veterans achieve this goal.Today, VA loans are one of just two no-down payment loan programs available.he VA Streamline requires veterans to pay a 0.5 percent Funding Fee, regardless if the veteran is using the loan for a first or subsequent time. Veterans who want a Cash-Out refinance pay a slightly higher fee.