Loan Origination Fee - Definition - Law Dictionary Home Dictionary Definition loan-origination-fee
Definition :
loan origination fee
a charge by the lender to cover the administrative costs of making the mortgage. This charge is paid at the closing and varies with the lender and type of loan. A loan origination fee of 1 to 2 percent of the mortgage amount is common.
Source: U.S. Department of Housing and Urban Development
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