Loan Origination Fee


Definition of "Loan origination fee"

Darlene Owens
  Legend Realty

The lender's charge to the borrower for administrative work when preparing the mortgage including credit checks, appraisal, and title expenses. For example, Sun Bank approved a $200,000 mortgage loan with a 2% loan origination fee resulting in a charge of $4,000.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ