Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an origination fee?

fee Origination
0
Posted

What is an origination fee?

0 CommentsAdd a Comment

27 Answers

1 2 3 4 5 6
0

The origination fee is the amount charged by the lender, usually a percentage of the loan, to pay for services in the handling of the application, processing and scheduling of the loan closing.

0 CommentsAdd a Comment
0
10

A fee collected by Blue Water Mortgage to offset the cost of processing and funding your loan. The fee, calculated as a percentage of your total loan amount, is often referred to as “points.

0 CommentsAdd a Comment
0
0

Typically, it is 1% of your loan amount, and works exactly like a discount point. You can avoid all or part of this fee by paying a higher interest rate. In Minnesota, rates are typically quoted assuming this 1% origination fee.

0 CommentsAdd a Comment
0
10

Typically, it is 1% of your loan amount, and works exactly like a discount point. You can avoid all or part of this fee by paying a higher interest rate. In California, rates are typically quoted assuming this 1% origination fee.

0 CommentsAdd a Comment
0

A fee or charge for work involved in evaluating, preparing and submitting a proposed mortgage loan. For FHA and VA loans this fee is limited to 1% of the loan amount.

0 CommentsAdd a Comment
1 2 3 4 5 6

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123