Mortgage Fee Schedule

As of May 1, 2024

Mortgage Related Fees & Costs

Fees Description Minimum Maximum1

Assumptions (No Release of Liability)

Charged when adding or removing borrower(s) or co-borrower(s) financially responsible for the loan.

Additional fees may be charged based on the type of assumption including, but not limited to, credit report fees and recording fees.

$100 $100
Assumptions (Release of Liability)

Charged when adding or removing borrower(s) or co-borrower(s) financially responsible for the loan. 

Additional fees may be charged based on the type of assumption including, but not limited to, credit report fees and recording fees.

$400 $900
Broker's Price Opinion (BPO)/Comparative or Competitive Market Analysis/Default Collateral Analysis Charged if a Broker's Price Opinion report is required to determine the value and condition of the property. Only the actual cost of the BPO is charged.  Actual Cost Incurred - Typically $100 - $150 Actual Cost
Incurred -
Typically
$100 - $150
Collateral Adjustment Processing Fee: Conventional Loan Charged when adjustments are made to the collateral that secures the mortgage such as a partial release or subordination to easement for conventional loans.  $0.00 $500.00
Collateral Adjustment Processing Fee: FHA Loan Charged when adjustments are made to the collateral that secures the mortgage such as a partial release or subordination to easement for FHA loans. $0.00 $100.00
Late Charges2 Charged when the regular monthly payment is received after the due date and any applicable grace period.  $0.00 Varies
Principal Reduction Re-Amortization Processing Fee Charged to process a re-amortization for the purpose of recalculating the mortgage loan payment following a principal curtailment. $500 $500
Property Inspection Charged if we are required to determine the condition and/or occupancy status of the property.  $0.00 $50.00
Property Preservation Charged for services related to the preservation of a vacant or abandoned property. Actual Cost Incurred

Actual Cost
Incurred

Recording of Release of Mortgage/Deed of Trust, etc.3 Charged by the county clerk to record a release or satisfaction of lien. $0.00 $550.00
Returned Payment Fee Charged when a payment is returned by the bank.  $0.00

Varies

1 The maximum fees allowed in each category may vary in accordance with state law, investor requirements, and/or the content of your mortgage loan documents.

2 Late charge amounts are established by any applicable state laws and/or the content of your mortgage loan documents.

3 Recording fee amounts vary by county.