Are underwriting and processing fees for new mortgage tax deductible

For a residential mortgage, in most cases they are not.

No not typically but check with your tax professional to be sure as tax laws change from year to year.

Not on your primary residence, but possibly on an investment property.. check with your accountant for more direct response.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

I am not a tax professional and you should consult one.From my experience only points charged are tax deductible.

TX have a lot of different mortgage rules than other states. You should check with your local accountant or tax professional for the answer to your question.

The unofficial answer is no. However, like everyone is saying check with a tax professional first. Bring or have with you a copy of your HUD1 settlement statement to go over any figures if needed. Best wishes, Sean

In a mortgage pro, not a tax pro... but my understanding after 22-years in the business is that they are NOT.