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.
1 Loan origination fee (usually 1 percent of the loan), 2  Credit report, 3  Discount points, 4  Title search and title insurance, 5  Recording fees, 6  State and/or local transfer taxes, if applicable, 7  Survey,  No commissions, brokerage fees or buyer broker fees may be charged to the veteran buyer.