What is an origination fee?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
An origination fee is what a lender charges to process and underwrite your loan, often expressed as a percentage of the loan amount. It's disclosed clearly on your Loan Estimate.
Not all lenders charge the same, which is why comparing Loan Estimates matters. We'll show our fees plainly and how they compare so you know the true cost.
What an origination fee covers
An origination fee pays the lender for processing your loan. It usually runs around 0.5% to 1% of the loan amount. It appears on your Loan Estimate.
Not every lender charges the same. Comparing this fee across offers can save real money.
Watching fees in Florida
An origination fee is one line among many. The APR shows its true impact. We help you read the whole picture, not just one number.
Bring competing Loan Estimates. We will compare fees and rates so you see which deal actually costs less.