Origination Fee - Mortgage Glossary
A charge from your lender for processing and setting up your mortgage, typically 0.5% to 1% of the total loan amount. On a $300,000 loan, that is $1,500 to $3,0
Origination Fee
A charge from your lender for processing and setting up your mortgage, typically 0.5% to 1% of the total loan amount. On a $300,000 loan, that is $1,500 to $3,000. This fee covers the lender's administrative costs and is paid at closing. Some lenders advertise no origination fee but may compensate with a slightly higher interest rate.