Is my loan origination charges high or normal for this current market?

[Ryan Duphorn]

$269,800 loan. Loan origination charges are $4,670 (origination fee) and $1055 (underwriting fee). My loan is a 5% down owner occupied conventional loan at 7.5% interest. At first glance, this seemed high to me but I'm not sure if it's because of the current mortgage market / industry as a whole. I'm already under contract with a less than 30 day closing timeline so time isn't quite on my side.

I pulled up my closing costs from my last home purchase in Nov of 2021 and it was $1200 for a 3% down conventional owner occupied loan at 3.25% interest. Again, not sure if the market has shifted.

[Erik Estrada]

Quote from @Ryan Duphorn:

$269,800 loan. Loan origination charges are $4,670 (origination fee) and $1055 (underwriting fee). My loan is a 5% down owner occupied conventional loan at 7.5% interest. At first glance, this seemed high to me but I'm not sure if it's because of the current mortgage market / industry as a whole. I'm already under contract with a less than 30 day closing timeline so time isn't quite on my side.

I pulled up my closing costs from my last home purchase in Nov of 2021 and it was $1200 for a 3% down conventional owner occupied loan at 3.25% interest. Again, not sure if the market has shifted.

 Hey Ryan, 

Your lender is charging you less than 2 points which is pretty low. Most lenders charge 2.25-2.5% on a loan amount that size. 

If you are working with a broker, you can price the loan lender paid, so you don't pay any origination fees. However your interest rate may be higher if you do that. 

Can you get a seller concession? Depending on the down payment you may be able to get 3-6% in sellers concessions to cover your closing fees.