Are these Extremely High Origination Costs?

[Justin R.]

Hello All.

I am refinancing a 3 unit investment home with Fannie Mae Guidelines. 70% LTV cash out. Lender is a small brick and mortar bank in the North East.

My lenders origination costs are 2.5% not including discount points.

This equates to over 10k in origination costs alone. Is this typical for this loan type?

[Jared Rine]

@Justin R...seems chunky to me.  If it was just the discount points, then yea, maybe.  I'm a mortgage broker out here in Ca, and rough pricing on this scenario, 700 fico, would include 2 discount points, which account for origination already.  Origination + discount seems like a lot.