Finance
A Wyoming VA loan's 'funding fee' is:
AA monthly insurance premium similar to PMI
BA one-time fee paid to the VA to fund the guaranty program, which can be financed into the loan✓ Correct
CA fee paid to the veteran's real estate agent
DAn annual fee charged by the lender
Explanation
The VA funding fee is a one-time fee paid to the Department of Veterans Affairs to sustain the VA loan guaranty program. The amount varies based on down payment and service type. Unlike PMI, it is paid once and can be financed into the loan amount.
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