What is va loan origination fee?
Asked By: Leonardo Hansen
Date created: Tue, Dec 29, 2020 1:11 AM
Date updated: Tue, Oct 25, 2022 4:45 PM
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1 percentOrigination 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.
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One of those costs is the origination fee. It is almost universally 1% of the loan amount, or one point, as many call it. Veterans pay this fee as part of the purchase or refinance and there are several reasons why. 1.