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.
Thatâs how to evaluate paying points, origination fees and closing costs with a VA home loan. Determine how much you will save, the extra cost, when you get a return on your investment. Contact us today here or at 866-437-7385 to find out about your VA purchase or refinance rate and point options.n origination fee is a fee that the VA borrower pays to the VA lender. It is usually expressed as a percentage of the loan amount. But a loan origination fee does not directly lower your rate, unlike a discount fee.