Compare Texas Lender Origination and Closing Fees

Compare Texas Lender Origination and Closing Fees

Obtaining the best possible mortgage scenario for Texas homeowners is challenging with thousands of options to choose from.  When comparing lenders, you’ll want to consider both interest rates and origination fees.  Bankrate.com surveyed up to 10 lenders in each state in June 2011 and obtained online good faith estimates for a $200,000 mortgage to buy a single-family home with a 20 percent down payment. Costs include fees charged by lenders, as well as third-party fees for services such as appraisals and title insurance. The survey excludes taxes, property insurance, association fees, interest and other prepaid items.

Josh Campbell, Texas mortgage loan officer – NMLS #493535, provides his clients with excellent mortgage rates with the extremely low fees.  Josh’s origination fees for Texas homeowners average at $775 total.  You can see below that the average was over $1950 for Texas lenders surveyed by bankrate.com in 2011.

Itemized Fees Break Down for Josh’s Clients

  • $250 Processing
  • $300 Underwriting
  • $75 Tax Service
  • $150 Attorney Doc Preparation
Texas closing costs –
Overview
Average origination fees charged by lender $1,951
Average title and third-party fees $2,994
Average total fees $4,944

Itemized fee averages
The fees itemized below, when added up, will not equal the averages listed above. Here’s why: Each bank charges some of the fees listed below, but not all of them. The list below gives the average for each fee if charged by the bank, but each bank will charge only some, not all, of these fees.

Origination fees charged by the lender
Points $836
Application $170
Commitment fee $615
Document preparation $160
Broker, originator or lender $1,242
Processing $395
Tax service $65
Underwriting $113
Wire transfer $25
Third-party fees
Appraisal $399
Attorney, closing or settlement $523
Credit report $10
Flood certification $7
Employment verification $15
Inspections (pest, etc.) N/A
Postage/courier $55
Survey $358
Title search and title insurance $2,111
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About admin

Josh is an experienced Mortgage Loan Officer and Sales Manager with a passion to help the consumer navigate the mortgage process most effectively. He believes that the success of a mortgage experience lies in the fundamentals of experience, knowledge of programs and guidelines, and relationships. As a result, Joshua has created customers for life that are fiercely loyal due to his high standard of “world class” customer service. He is honest, motivated and driven to be the best mortgage loan officer in Dallas, Texas. Josh works to help real estate agents grow their business through a variety of marketing, branding, and lead generation strategies. Josh works with real estate agents, brokers, local financial advisors and attorneys in a 100% referral based platform. Josh has been described by others as a visionary with a strong background in developing and directing teams, marketing and branding. He sets the bar for high integrity, and his customer service skills are second to none. Josh can be reached at josh@joshcampbellmortgage.com or 214-929-1733 Specialties Conventional and Government Mortgage Financing, FHA, VA, USDA, Jumbo, Super Jumbo, Second Mortgages, HELOC, Mortgage Market Analysis, Marketing, Branding, Low Interest Rates, World Class Customer Service, Business Partner Development and Relations
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