Final answer:
The VA funding fee, a mandatory charge on VA home loans, can be financed by rolling the fee into the loan, spreading the cost over the loan term. Statement is True.
Step-by-step explanation:
The question revolves around whether the VA funding fee, associated with a VA home loan, can be financed. The answer is true; the VA funding fee can indeed be financed. This fee is a mandatory one-time charge on VA home loans that the Department of Veterans Affairs uses to fund the VA home loan program. Instead of paying the fee upfront, borrowers have the option to roll the fee into their loan amount, which allows them to spread the cost over the term of the loan. The actual amount of the fee varies depending on factors such as the type of loan, service history, and whether the borrower makes a down payment or has previously used a VA loan.