Funding fee

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Funding fee

Funding fee

A percentage of the loan amount charged on VA loans to provide for administrative costs.

RELATED TERMS
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Loan
A sum of borrowed money (principal) that is generally repaid with interest.

SIMILAR TERMS
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Funding letter
Cover letter prepared by the escrow agent to the lender detailing the documents being forwarded to the lender to complete the borrower's loan and release the loan proceeds to escrow.

PREVIOUS AND NEXT TERMS
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Fully amortized
Fully amortized mortgages are paid in equal monthly installments, which include interest and amortization of principal, paid over a period of years. The interest is set at a predetermined rate and is charged only on the loan balance.

Fully amortized adjustable-rate mortgage
A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.

Fully diluted shares
The number of shares of common stock that would be outstanding if all convertible securities were converted to common shares

Fully-serviced lease
Lease in which rent includes coverages of operating expenses and taxes for the building.

Functional obsolescence
Loss in value due to out-of-date or poorly designed equipment while newer equipment and structures have been invented since its construction.

Funding fee

Funding letter
Cover letter prepared by the escrow agent to the lender detailing the documents being forwarded to the lender to complete the borrower's loan and release the loan proceeds to escrow.

Furnace
An enclosed heating device powered by coal, oil, propane or natural gas.

Fuse
A device that allows power to be channeled into a home.

Future interest
A person's present right to an interest in real property that will not result in possession or enjoyment until some time in the future, such as a reversion or right of reentry.

Future proposed space
Space in a proposed commercial development that is not yet under construction or where no construction start date has been set.

This dictionary contains 6433 terms.

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