Finance
A Kansas homebuyer is required to pay a 'funding fee' on their VA loan. This fee:
AIs a penalty for using VA benefits
BFunds the VA loan guaranty program; it can be financed into the loan and varies based on down payment and first-time vs. subsequent use✓ Correct
CIs paid to the Kansas Housing Resources Corporation
DIs equivalent to private mortgage insurance
Explanation
The VA funding fee is a one-time charge that helps sustain the VA loan program. It varies by down payment, first-time vs.
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