Question

Variations in the VA funding fee are based on the _.1. Down payment amount 2. Amount of the VA guarantee 3. Number of VA loans the veteran has had 4. Both #1 and #3 are correct

Answer 1

The variations in the VA funding fee are based on the down payment amount and the number of VA loans the veteran has had.

Step-by-step explanation:

The variations in the VA funding fee are based on the down payment amount and the number of VA loans the veteran has had. The VA funding fee is a one-time payment made by the borrower to the Department of Veterans Affairs to help fund the VA loan program.

The fee can vary depending on the down payment and the number of VA loans the veteran has had. For example, a borrower with a lower down payment may have a higher funding fee.