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Company Loan Type APR Est. Pmt.

FHA funding fee - How much lenders are charging normally?

Posted on: 04th May, 2009 03:52 pm
why is this fee applied & what is the normal fee? $3,800
FHA funding fee is the mortgage insurance which is based on your loan amount. It is tacked on to the base loan amount and financed throughout the loan. This will happen on all FHA loans as well as all loans exceeding 80% Loan To Value ratios. I hope this helps...
Posted on: 04th May, 2009 03:56 pm
It is called FHA Upfront mortgage insurance premium.
FHA funding fee is 1.75% of the total loan amount and is financed into the loan.
It is an upfront premium that goes along with the monthly premium.

If you have an FHAMIP quoted on a goodfaith and a funding fee....then something is not right.
Posted on: 04th May, 2009 05:52 pm
Elnore is correct. If both are being shown then there is some thign wrong.
Posted on: 05th May, 2009 12:01 pm
I read what Elnora said& on my good faith est. it shows fha ufmip/va fund. origination fee...commitment fee....morg. ins. premium total...morg. ins. total... these are the things im worried about. Are they normal?? please help....
Posted on: 08th May, 2009 08:34 am
sheery without being able to visualize what you're referring to, it's hard to say yes or no to your question. however, if you can itemize those numbers for us so we can break them down, it would allow us to give you a reasonable answer.
Posted on: 08th May, 2009 08:59 am
They sound normal..but a break down would be good like George suggested. They aren't normal if the costs are sky rocketing high.
tell us the name of the fee, the amount and the sales price of the property.
Posted on: 08th May, 2009 09:37 am
Thats a good idea.
Posted on: 08th May, 2009 07:57 pm
man o man...doesn't everyone just love these "i agree" posts?
Posted on: 09th May, 2009 05:58 am
I agree! *chuckles*
Posted on: 11th May, 2009 01:38 pm
They are just trying to cozy up to Elnora
Posted on: 11th May, 2009 01:45 pm
is it normal to charge for all of these. They all seem the same to me?
Processing Fee $490
Review of Appraisal Fee $300 (Separate from apraisal fee)
Recording fee $240
loan origination fee $587.86
Are all these going into the same guys pocket?
Posted on: 28th Jul, 2009 02:42 pm
Hi Monique,

It is quite normal for the lenders to charge all the fees mentioned by you. However, these fees may vary to some extent from lender to lender.

Posted on: 28th Jul, 2009 09:13 pm
wow...where have i been on this one? eric, i missed your post! but i wonder...if they're trying to cozy up to elnora, how does that account for her remark about "like george suggested." and she's way down in maryland...
Posted on: 29th Jul, 2009 11:22 am
Monique, if thats the only costs of your loan then that is cheap!

Processing Fee/Admin/Application - whatever you want to call it is usually the broker/lenders business fee.

The origination or YSP is what the LO is making. But generally not 100% of it if they are working under a broker. The Broker is taking a portion of that as well.

The appraisal review fee is normal, espescially in this market where everything is under a microscope.

Best of luck!
Posted on: 05th Aug, 2009 10:58 am
2170 is undr line 902 pmi/mip/vaff grh ,then 2170 is adde again in details line g
Posted on: 21st Oct, 2009 03:30 pm
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