Loan Fee for Loan Amounts up to $100,000
|
Application Amount up to |
Total Fee |
Amount Due with Application |
Balance Due at Loan Closing |
$25,000
|
$500 |
$100 |
$400 |
$50,000
|
$700 |
$125 |
$575 |
$75,000
|
$900 |
$150 |
$750 |
$100,000
|
$1,100 |
$200 |
$900 |
Loan Fee for Loan Amounts over $100,000
|
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
|
| Sample Loan Fees |
| |
Paid With Application |
Paid At Closing |
| Loan Amount |
Application
Fee |
Underwriting
Fee |
Loan Fee |
Total Fees |
| $250,000 |
$250 |
$1,250 |
$2,500 |
$4,000 |
| $500,000 |
$500 |
$2,500 |
$5,000 |
$8,000 |
| $1,000,000 |
$1,000 |
$5,000 |
$10,000 |
$16,000 |
| $5,000,000 |
$2,500 |
$5,000 |
$50,000 |
$57,500 |
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. |
|