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.
3 Fees and Charges the Veteran-Borrower Cannot Pay 8-9. 4 Other Parties Fees and Charges for the Veteran-Borrower 8-11. 5 Seller Concessions 8-12. 6 What Happens to Fees and Charges If the Loan Never Closes 8-14. 7 Fees and Charges That Can be Included In the Loan Amount 8-15. 8 The VA Funding Fee 8-17.