Are Mortgage Loan Origination Fees a Thing of the Past?

When buying a home and financing a loan, paying fees (like mortgage loan origination fees) may seem like par for the course. And with countless industry terms and loan lingo, it can all feel like…a lot. 

But did you know that some lenders — like, ahem, Minute Mortgage — don’t feel the need to nickel and dime buyers with unnecessary fees? 

Enter our Zero Origination Fee* offer. Before we get into what that means, let’s go back to the basics first.

What is a Mortgage Loan Origination Fee?

In the mortgage world, an origination fee is what the lender charges the borrower for making the mortgage loan. Origination services may include services outlined in your loan estimate.

Still curious? The U.S. Consumer Financial Protection Bureau has some info here that you might want to check out.

How Much Are Origination Fees Going to Cost You?

Typical mortgage origination fees range from 0.5% to 1.5% of the loan amount, varying by lender. This might not sound like much, but depending on the amount of your loan, they could be thousands of dollars. That’s not exactly chump change. 

Want to Avoid Origination Fees for Your Mortgage?

We don’t blame you. Typically, the only way to avoid racking up additional expenses on your mortgage loan is to shop around.

Shopping around can be time-consuming. If you wait to compare loan estimates and negotiate with lenders, you might miss a chance to save money.

You have to act fast when considering loan options. Acting quickly can help you secure a better deal and potentially save you money in the long run. 

So let’s hit rewind for a second.

Remember that Zero Origination Fee* Offer We Mentioned? 

Minute Mortgage is all about making the mortgage process easier and more attractive for homebuyers. We’ve focused on enhancing the loan experience from start to finish while reducing costs. 

And we don’t skimp on the service, either. Every person who walks through our (real and virtual) doors will always get the highest level of support. 

That’s why we waive origination fees for most new loan applications! By eliminating mortgage origination fees*, we’re able to give our clients maximum savings. 

Want to learn more and see if you’re eligible for our Zero Origination Fee* offer? Contact any member of our knowledgeable, super helpful team.

Or, click here to apply for a Minute Mortgage loan today.

*Terms are subject to change, and may not be applicable for all transactions.