As an Upfront Mortgage Banker, I believe in putting my fees in writing. Because of the volume I do, and using advanced technology, I am able to pass on savings to you in the form of below market fees. Below is my standard fee schedule.
Also, please note that a Loan Origination Fee may also be paid by the lender. A borrower may always choose a higher interest rate so that the lender rebate, which now must go the borrower, can be used to offset the LOF.
LOF
Loan Amounts Below $417,000 1.0% ( Minimum of $3,500).
Amounts $417,000 and $729,750 .85% ( Minimum of $4,200).
Amounts over $729,750 .75% ( Minimum of $6,200).
For Purchases, add $500 to the above.
If there is both a 1st and a 2nd loan, add an additional $300.
