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Loan Fee for Loan Amounts up to $100,000
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Application Amount up to
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Total Fee
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Amount Due with Application
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Balance Due at Loan Closing
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$25,000
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$500
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$100
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$400
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$50,000
|
$700
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$125
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$575
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$75,000
|
$900
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$150
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$750
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$100,000
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$1,100
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$200
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$900
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Loan Fee for Loan Amounts over $100,000
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APPLICATION FEE: 0.1% of the loan
(maximum $2,500)
UNDERWRITING FEE: 0.5% of the loan
(maximum $5,000)
LOAN FEE: 1.0% of loan amount
Please note: The underwriting fee (less $500) will be applied toward the loan fee at closing to produce the Net Loan Fee. This is shown in the table below that displays fees for sample loan amounts.
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Sample Loan Fees
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Paid With Application
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Paid At Closing
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Loan Amount
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Application Fee
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Underwriting Fee
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Net Loan Fee
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Total Fees
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$250,000
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$250
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$1,250
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$1,750
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$3,250
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$500,000
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$500
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$2,500
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$3,000
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$6,000
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$1,000,000
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$1,000
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$5,000
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$5,500
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$11,500
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$5,000,000
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$2,500
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$5,000
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$45,500
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$53,000
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Please discuss your specific loan fee with program staff who can also calculate fees for other loan amounts. The application and underwriting fee are to be paid at the time of application and are non-refundable. Additional charges for construction disbursements, legal document preparation costs, holding costs, or other direct costs may apply.
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