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origination fees: FHA Origination Fees & Origination Charges - What does it all mean? - 03/17/11 10:47 PM
 
I have heard many different explanations when it comes to FHA origination fees. In my opinion, there seems to be confusion and inconsistencies when it comes to FHA origination fees. Let's first define FHA origination fee or just origination fee.  In the HUD buying handbook, it is explained to be a fee charged for the processing of the loan application. The origination fee is a percentage of the loan amount, if charged. It's not a standard 1 percent. It could be any fraction of a percentage.  This fee can vary amongst lenders, especially depending on the interest rate. And even though … (11 comments)

origination fees: FHA Loans & FHA Mortgages - setting the record straight !!!! - 06/28/09 09:42 AM
 
FHA Loans and FHA Mortgages -
Believe it or not, for many areas across the United States, in today's market, FHA mortgages seem to be about 50 percent of today's real estate transactions.  What has bothered me since there aren't as many mortgage programs as outlets anymore, is that more and more lenders/loan officers are utilizing FHA loans now than ever before. And the crime to this surge of FHA loans is that more and more loan officers are just making up stuff that isn't even 1 percent true, just to get the borrower in the door.
 
 
What … (13 comments)

origination fees: FHA Origination Fees or Origination Fees - FHA Fees - FHA loans - What does it all mean? - 06/13/09 07:34 PM

 
 
It's time to have a quick class on FHA loans, the fees for FHA mortgages, and just a basic understanding on how all of this works. This is truly frustration on my part from some loan officers blatantly lying to borrowers, just to justify their fees and such. It's total BS and it needs to be talked about.
Just today, I spoke to a borrower that is having a concern with their 2nd lender, after the first lender failed them miserably.  This lender is charging them 6.00% with 1 1/2 points as an origination fee.  His credit scores are above … (19 comments)

 
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherry Hill, NJ

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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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