What Is a Mortgage Origination Fee?

When you get a mortgage, your lender charges something called an origination fee. It’s a standard fee that covers the work it takes to process and set up your new loan — think of it as the behind-the-scenes work like paperwork, underwriting, and getting everything approved and finalized.

The cost is typically a small percentage of your total loan amount and is included in your closing costs. Every lender charges this a little differently, so it’s a good idea to review your Loan Estimate carefully with your Mortgage Loan Officer.

Questions about origination fees or what they cover? A Loan Officer at KCity Mortgage can walk you through your numbers and explain every detail. Our Mortgage Brokerage services the full state of Kansas and are happy to help. Reach out to our team today!