Finance
A Minnesota homebuyer uses a VA loan to purchase a $350,000 home with no down payment. The VA funding fee is 2.3%. How much is the funding fee?
A$7,000
B$8,050✓ Correct
C$6,500
D$9,100
Explanation
VA funding fee = $350,000 x 2.3% = $350,000 x 0.
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