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.
The VA loan origination fee is a typical 1%, but may vary among lenders and states. Generally, lenders offering VA loans estimate closing costs from 3 to 5% of the loan amount.The veteran buyer is often allowed to roll VA loan origination fee and other closing costs into the loan.f you cannot afford to pay cash the VA loan origination fee, funding fee and other closing costs, talk to the lender to get those included in the loan. Even if not every VA approved lender will agree to roll home loan origination fee and others in the loan, most will.