- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
So which fees are legit and which are not? TIA
Posted on 11/29/12 at 11:09 am
Posted on 11/29/12 at 11:09 am
FHA loan. I know, I know! Contract without these fees is 174900$
Origination about 1%
Loan discount fee about 1%
Processing fee 500$
Underwriting fee 650$
Attorney Fee 150$
Tax return verification fee 25$
Appraisal fee 750$
Credit report fee 50$
Flood cert fee 17$
Upfront Mortgage Insurance 3313$
Closing/escrow 475$
Lender's policy of title insurance 1091$
Endorsements 330$
Origination about 1%
Loan discount fee about 1%
Processing fee 500$
Underwriting fee 650$
Attorney Fee 150$
Tax return verification fee 25$
Appraisal fee 750$
Credit report fee 50$
Flood cert fee 17$
Upfront Mortgage Insurance 3313$
Closing/escrow 475$
Lender's policy of title insurance 1091$
Endorsements 330$
7
Posted on 11/29/12 at 11:12 am to baylee252
also...finance rate is 3.75% jumps to 4.823 once all fees and "extras" are added. Is that legit?
edited to include...Texas hill country...40 miles from any "big town"
edited to include...Texas hill country...40 miles from any "big town"
This post was edited on 11/29/12 at 11:47 am
Posted on 11/29/12 at 11:43 am to baylee252
Being that a credit report costs about $2 I would say that is a little excessive.
Posted on 11/29/12 at 11:44 am to baylee252
that seems like a high appraisal fee. I think mine was $300-$400.
Posted on 11/29/12 at 11:53 am to baylee252
Posted on 11/29/12 at 12:06 pm to baylee252
todays fha rate is at 3.25% and the lender gives you a credit towards closing in LA.,
no need to pay for origination, discount, processing,credit report and appraisals in LA are $450 max, title fee are all within a $150 difference.
on an fha loan, you have to have upfront mtg insurance,no way around that plus underwriting fee from lender is standard.
flood fee is standard across the board.
at closing closing you can opt out of owners title insurance but must have basic lenders title insurance.
call if you have any questions, 225-291-7901 x 224
no need to pay for origination, discount, processing,credit report and appraisals in LA are $450 max, title fee are all within a $150 difference.
on an fha loan, you have to have upfront mtg insurance,no way around that plus underwriting fee from lender is standard.
flood fee is standard across the board.
at closing closing you can opt out of owners title insurance but must have basic lenders title insurance.
call if you have any questions, 225-291-7901 x 224
Posted on 11/29/12 at 1:03 pm to baylee252
Dude, you have to fix your $ signs.
Posted on 11/29/12 at 2:12 pm to baylee252
Well, the origination fee is virtually non existent with the discount, so I guess there isn't much need to bitch about the processing fee and underwriting fee. But I would bitch about both of those if I had an origination fee also. The appraisal seems steep, but it may be in line depending on your property type. Credit report fee's are usually like $15 bucks. Attorney fee and closing/escrow are not excessive. I can't really comment on the endorsements without knowing your property specifics, but that would be a lender's ins. requirement.
Posted on 11/29/12 at 7:12 pm to rmc
Unless they did credit repair on you the credit report fee is excessive. Appraisal shouldn't be more than $450. Why are you paying a discount fee. You shouldn't be buying down a rate with current interest rates. 1% orig is standard but you can get out of it if you ask. So, you are paying too much. Are they giving you any lender credits?
Posted on 11/29/12 at 7:15 pm to CajunTigerBabe
BTW, I am licensed to do loans in Texas too. Let me know if you want to talk. I can get you closed in about 20 days.
Posted on 11/29/12 at 8:40 pm to baylee252
First, the $ should be in front of the amount. If you have at least 5% to put down, get a conventional loan. The interest rate is higher, but the PMI rate is less.
Posted on 11/29/12 at 9:29 pm to CajunTigerBabe
CajunTigerBabe send contact info to To mitzelplick252@hotmail.com
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News