What are typical lender fees and which ones are junk fees?
Typical lender fees include origination or underwriting charges, credit report fees, appraisal fees, and flood certification. You'll also see title and escrow fees, which in Arizona are handled by title companies. Some lenders itemize processing or document prep fees separately. What's considered excessive varies, but watch for duplicated charges or fees that seem high compared to quotes from other lenders. Ask each lender for a Loan Estimate so you can compare line by line. Some fees are third party costs the lender passes through, others are lender revenue. The specifics depend on your situation and a licensed lender should confirm what's reasonable, and Jon can connect you with one.
Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.
More on mortgages and rates
- FHA vs conventional loan, which is better for me?
- Fixed-rate vs adjustable-rate mortgage, which should I choose?
- How do I shop mortgage lenders and compare quotes?
- When should I lock my mortgage rate and how long does a lock last?
- What are current mortgage rates in Arizona?
- Should I buy mortgage points to lower my rate?
Meet Jon Hegreness
Jon Hegreness
REALTOR / Associate Broker · Howe Realty
AZ License BR540940000
Full-time Phoenix North Valley REALTOR and Associate Broker with 24 years in Arizona residential real estate. A negotiator and problem solver who works the way you would want a friend in the business to work: direct, on your side, and steady through the parts that get complicated.