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Our No Lender Fee Promise

E-LOAN has made comparing and shopping for a home loan easier. By eliminating lender fees on all home loans, you know what you're paying for up-front with E-LOAN. There is no bait and switch. No annoying fees...large or small. Just a great rate.

So when you apply with E-LOAN for a home loan, you won't be charged any of the following lender fees*:

  • Loan Origination Fee - $0
  • Administrative Fee - $0
  • Commitment Fee - $0
  • Processing Fee - $0
  • Underwriting Fee - $0
  • Wire Transfer Fee - $0
  • Document Preparation Fee - $0

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Keep in mind any fees charged by other lenders or brokers are ordinarily not tax deductible. So you save even more by choosing E-LOAN. But before you decide on what plan is right for you, it's always good to consult the advice of a professional tax advisor about the deductibility of mortgage interest and points.

Why did E-LOAN drop lender fees?
By streamlining the financing process, E-LOAN is able to eliminate all lender fees. The decision to drop lender fees is part of E-LOAN's continued effort to open up the loan process, making it clearer and less intimidating.

What are lender fees?


Lender fees are charged for various services rendered by the lender. Common fees include origination fees, application fees, administration fees, processing fees, underwriting fees, and funding fees.

Are there any fees that E-LOAN still charges?
While E-LOAN no longer charges lender fees, your loan may still have third-party fees. Among these are fees for appraisal, courier, notary, title insurance, and recording. Because other parties charge these fees, E-LOAN has no control over them. Please note that on your interest rate, your loan may include discount points. Loan discount points are used to buy down the interest rate and are different from lender fees in that borrowers decide what rate and point combinations they want.

What are lender fees typically worth?


While fee amounts vary depending on your loan amount, loan product, and state, most loans have fees in excess of $1,500.

Are there any lender fees added at closing?


No. E-LOAN will provide you with one price for your loan with no hidden lender fees. All third party fees will be fixed once your documents have been prepared.

*Please note that if your loan is submitted to a lender other than E-LOAN, there may be lender fees.

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