Wholesale Conventional, FHA, VA & USDA Fee Sheet

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Meagan Peters
7 years ago
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1 Lender fees are not applicable if you select the Lender Fee buyout. CONVENTIONAL FEES Fee Description (CA) (NON-CA) (TEXAS ONLY) (NEW JERSEY (NC Loan >10,000 & < 300,000 (WA (IA Lender Underwriting $975 $875 $495 $875 $875 $875 Fee (IA) $950 $250 Cash Out $100 Purchases Admin Fee (TX) $450 Flood Cert. $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $10 Tax Service $ 75 $ 75 $ 75 $ 75 $ 75 $ 75 Broker $1000 max $1000 max *Caveat see Broker below. $1000 max $1000 max Broker 2.75% - converted to the actual dollar so if changes the origination fee stays constant. May not be on a no cost 2.75% - Must be on a no cost 2.75% - Must be May not be on a no cost 2.75% - Must be calculated as a percentage of on a no cost loan UNLESS both are LE

Cash Out $100 Purchases Admin Fee (TX) $450 Flood Cert.

2 on a no cost Discount (Charge) Must be bona fide buy down the rate Must be bona fide buy down the rate FHA*, VA*** & USDA**** FEES Fee Description (CA) (NON-CA) (TEXAS ONLY) (NEW JERSEY (NC (WA (IA LE Lender Underwriting $1070 $840 $395 $840 $840 $0 Fee (IA) $840 $100 Purchase Admin Fee (TX) $450 Flood Cert. $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $10 VA Only - VA See VA FUNDING FEE CHART FUNDING FEE Broker $750 max $750 max *Caveat see Broker below. $750 max $750 max Broker Reasonable Reasonable Reasonable Reasonable calculated as a percentage of loan are

Purchase Admin Fee (TX) $450 Flood Cert.

3 Discount (Charge) Must be bona fide buy down the rate Must be bona fide buy down the rate USDA Only - Guarantee Fee VA Note: Itemized Fees charges the veteran can pay that are reasonable customary These fees are not included in the 1% fee restriction noted to the right. VA Note: FEE s not to 1% of after adding the funding fee to if the funding fee is paid from loan proceeds. See items noted to the right. See USDA Guarantee Fee Calculator The new fee structure for 2015 is as follows: 2 percent upfront guarantee fee for purchase refinance transactions; 0.5 percent annual fee for both purchase refinance transactions. Appraisal Fees, Recording Fees, Credit Report Fees, Prepaid Items (taxes, assessments), Hazard Insurance, Flood Zone Determination, Survey, Title Examination & Title Insurance, Special Mailing Fees (for Refi s only when saved per diem interest cost will the cost of special hling), MERS Fee, VA Funding Fee. These fees are not included in the 1% fee restriction Lender s appraisals & Inspections, closing / settlement fees, document prep fees, preparing loan papers & conveyancing fees, attorney s fees (other than for Title Work), rate lock fee, overhead fee(stationery, phone calls, etc), escrow fee, notary / signing fees, commitment fees or marketing fees, application fees / processing fees, trustees fees or charges, broker fees, tax service fees. Broker Fee Lender fees must not 1% of FHA*, VA*** STREAMLINE FEES* Fee Description (CA) (NON-CA) (TEXAS ONLY) (NEW JERSEY (NC (WA (IA LE Lender Underwriting $495 $495 $395 $495 $495 $0 Fee (IA) $495 Admin Fee (TX) $100 Flood Cert. $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $10 Broker $500 max $500 max *Caveat see Broker below $500 max $500 max

See items noted to the right. See USDA Guarantee Fee Calculator The new fee structure for 2015 is as follows: 2 percent upfront guarantee fee for purchase refinance transactions; 0.

4 Broker FHA - Reasonable Reasonable Reasonable Reasonable calculated as a percentage of loan are the loan Discount (Charge) Must be bona fide buy down the rate Must be bona fide buy down the rate USDA Only - Guarantee Fee VA Note: Itemized Fees charges the veteran can pay that are reasonable customary These fees are not included in the 1% fee restriction noted to the right. VA Note: FEE s not to 1% of after adding the funding fee to if the funding fee is paid from loan proceeds. See items noted to the right. See USDA Guarantee Fee Calculator The new fee structure for 2015 is as follows: 2 percent upfront guarantee fee for purchase transactions; 0.5 percent annual fee for both purchase refinance transactions. Appraisal Fees, Recording Fees, Credit Report Fees, Prepaid Items (taxes, assessments), Hazard Insurance, Flood Zone Determination, Survey, Title Examination & Title Insurance, Special Mailing Fees (for Refi s only when saved per diem interest cost will the cost of special hling), MERS Fee, VA Funding Fee. These fees are not included in the 1% fee restriction Lender s appraisals & Inspections, closing / settlement fees, document prep fees, preparing loan papers & conveyance fees, attorney s fees (other than for Title Work), rate lock fee, overhead fee(stationery, phone calls, etc), escrow fee, notary / signing fees, commitment fees or marketing fees, application fees / processing fees, trustees fees or charges, broker fees, tax service fees. Broker Fee Lender fees must not 1% of JUMBO Non Conforming Program (Code series) Fee Description (CA) (NON-CA) (TEXAS ONLY) (NEW JERSEY (NC (WA (IA LE Loan Lender Underwriting $1375 $975 $530 $975 $975 $975 Fee (IA) $975 $100 Purchases $250 Cash Out Admin Fee (TX) $450 Flood Cert. $ 10 $ 10 $ 10 $ 10 $ 10 $ 10 $10

VA Note: FEE s not to 1% of after adding the funding fee to if the funding fee is paid from loan proceeds. See items noted to the right.

5 Tax Service $ 75 $ 75 $ 75 $ 75 $ 75 $ 75 Broker $1000 max $1,000 max *Caveat see Broker below $1000 max $1000 max Broker 2.75% - converted to the actual dollar so if changes the origination fee stays constant. May not be on a no cost 2.75% - on a no cost 2.75% - May not be on a no cost 2.75% - calculated as a percentage of on a no cost loan are Discount Point (Charge) Must be bona fide buy down the rate Must be bona fide buy down the rate *FHA Prohibited Fees: Funding, Broker, Administration, Lender, Tax Service (a seller credit is not acceptable for Broker or Administration fee) **New Jersey Fees: Brokers may only collect an application fee an origination fee as long as the fee is All other fees are prohibited ***VA FEES: The veteran can pay a maximum of: reasonable customary for any or all of the Itemized Fees Charges designated by VA, plus a one percent flat charge by the lender reasonable discount points. **** USDA FEES: Note: Borrowers are prohibited from paying tax service fees. NOTE: All fees are subject to state federal high cost thresholds. If fees these thresholds, the broker s fees will expected to be renegotiated with the Borrower reduced accordingly. All Lender Third Party Fees included on initial LE. If applicable, Transfer Taxes included on the initial LE in Section E (Zero tolerance fee). Please contact Title to obtain the correct Transfer Taxes.

75% - calculated as a percentage of on a no cost loan are Discount Point (Charge) Must be bona fide buy down the rate Must be bona fide buy down the rate *FHA Prohibited Fees: Funding, Broker,

VA Allowable Closing Costs

VA Allowable Closing Costs VA limits the closing costs that the veteran can pay to obtain a home loan. Strict adherence to the limitations on borrower paid fees and charges is required on all VA loans.