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 seller will âpay for the VA loan origination fee along with the other feesâ out of the closing. The truth is, YOU pay for it and then some. The seller is just going to increase your purchase price to cover it.In both cases, youâre going to have to make that up sometime before you sell your house.he seller will âpay for the VA loan origination fee along with the other feesâ out of the closing. The truth is, YOU pay for it and then some. The seller is just going to increase your purchase price to cover it. In both cases, youâre going to have to make that up sometime before you sell your house.