What are the resonable lender fees for a $400K home (condo) purchase?

With our company we are not able to do anything about the lender fees because they are what the company that is actually giving the loan charges, but lately to stay competitive we have been waiving the 1% origination fee. I would get maybe 3 or 4 companies to give you a Good Faith Estimate and compare to see what each is charging and determine, who to go with from there. This will help you find out what is normal for the different items being charged to you. I am sure you can wheel and deal with the lender as well, right now I am sure that they would love your business and would be willing to figure out how to lower their fees some to an area that you are more comfortable with.

Hi James,You are correct that there is a range in lender fees, which are their costs to provide mortgage financing loans. You do have the option of paying these fees yourself, have seller contributions, gift funds from relatives or obtain a higher interest rate and use the credit from the lender towards the closing costs. You can compare 3 different lender's good faith estimate and truth in lending disclosures to make the best decision. You may also want to consider who will provide the best customer service and turn time to meet your close of escrow date. We would appreciate the opportunity to earn your business!Sincerely,Shawn SajorExecutive Vice PresidentGS Capital LendingAZMB# 0910135Office (480) 699-8813Fax (480) 634-5977Email: shawnsajor@gscapitallending.comWebsite: www.gscapitallending.com