Finance Charges

DEFINITION:

Includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor incident to or required by the Lender except for fees that would be charged in a comparable cash transaction. Fees specifically exempt are appraisals, credit reports, doc prep, seller's points, hazard or flood insurance premiums, some title fees. When a fee is charged by a third party and increased to benefit the lender, the increased amount is called an upcharge. The portion retained by the lender should be considered a finance charge, even on exempt fees. The chart below may not be all inclusive.

Last Updated 05/11/2018 (recent changes bolded)

APR ITEMS (“Finance Charges”)

203K Permits
203K Consultant Fee
203K Inspection Fee (Lender Makes These Inspections)
203K Supplemental Document Fee
203K Supplemental Origination Fee
Administrative Fee
Amortization Schedule
Application Fee (if only sometimes charged)
Assignment Fee
Assumption Fee
Attorney Fee for Document Preparation or Closing (3rd Party)
Bank Fee/Points
Broker’s Fee
Buydown/Subsidy Fee (Borrower’s Portion)
Closing Coordination Fee
Closing Fee
Commitment Fee
Compliance Audit
Consultant Fee
Conversion Fee
Copy Fee
Customer Identification Program (CIP) U.S Patriot Search
Condo Certification (Lender Required)
Courier Fee (All, Including Payoff from Title Co.)
Credit Life Insurance (if required by Lender)
Discount Fee
Document Preparation (lender fee)
Document Preparation Fee (3rd Party Fee) (Some investors consider this to be a
prepaid finance charge. We will include it unless you request otherwise)
Document Review
Download Fee
Electronic Delivery
Engineers Report (if required by Lender)
eRecording (if paid to creditor or third party)
Escrow Fees to Title Company
Escrow Fees to Lender (203K)
Escrow Waiver Fee to Lender
Express Mail (All, Including Payoff from Title Co.)
Final Inspection Fee (unless payable to appraiser)
Final Inspection Fee - Post Closing
Flood - Life of Loan Monitoring (only)
Flood Certification/Flood Hazard Determination w/ Life of Loan Monitoring (Combined)
Fulfillment Fee
Funding Fee
Good Funds (To Lender)
HOA Certification(Lender Required)
Home Inspection (if required by Lender)
Homeownership Counseling Fee
Home Warranty (if required by Lender)
HUD Review Fee
Inspection/Photo Fee (Not to Appraiser)
Inspection and Handling Fees for the staged
disbursement of construction loan proceeds
Insuring Fee
Interest to End of Month (FHA, VA & Conv.)
Lender’s Inspection Fee
Loan Delivery Fee
Loan Docs. (fees for preparing deeds, mortgages and similar documents if to 3rd party lawyer)
Loan Level Pricing Adjustment(LLPA)
Lock-In
Lock Extension Fee
Long Distance (To Lender)
MCC Fee
MERS File Registration Fee
Mobile Signing Fee
Modification Fee
MIP
Mortgage Insurance
Origination Fee
Per Diem Interest
Plan Review Fee
PMI (Initial Premium)
PMI (Reserves)
Post Closing Fee
Pre-Plan Inspection Fee
Processing Fee
Rate Lock or Extension Fee
Rebate Fee
Refinance Fee
Release Fee
Review Fee/Attorney Review Fee
Supplemental Discount
Supplemental Origination
Tax Research Fee (4506-T)
Tax Research Fee (if tax service fee)
Tax Service Fee (for life of loan)
Tax Transcript Fee (4506-T)
Title - Closing Protection Letter Fee
Title - Commitment Fee
Title Service Fee
Transaction Fee
Transfer Fee
Underwriting Fee
USDA Guarantee Fee (Up-Front and Monthly)
VA Funding Fee
VA No-Bid Fee
Verifications (VOE, VOD)
Warehouse Fee
Wire Fee

NON-APR ITEMS (“Not Finance Charges”)

Abstractor’s Certificate
Application Fee - (if charged to all persons seeking credit, whether or not credit is actually extended.)
Appraisal Fee (3rd party, or Lender)
Appraisal Retype
Appraisal Review (3rd party, or Lender)
Attorney Retained by Borrower Fee for File Review
Credit Report Fee
Credit Alert (CAVIR)
Document Stamps
Engineer’s Report (if not required by Lender)
Escrow Repairs (Rehab. amounts)
Flood Certification (if part of survey fee)
Flood Certification/Flood Hazard Determination (only)
Flood Determination/Inspection (initial determination)
Flood Insurance
Gap Check Fee (title)
GARC Fee
HOA Cert (Requested by title company)
HOA Dues
HOA Transfer Fee
Home Inspection
Insurance Reimbursement
Intangible Tax
Interest Collected for Old Loan Pay-Off In Refinance
MIP Refund
Modification Filing Fee
Notary Fees
Points - Paid by Seller
Recertification Fee (To Appraiser)
Recording Fee/Filing Fee
Redraw Fee for doc prep lawyer
Restriction Fees (To Title Company)
Revenue Stamps
Survey Fee
State Tax Stamps
Statement of Ownership and Location (SOL) Application
Tax Certificate
Tax Deletion (To Title Company)
Tax Service Fee - Initial examination
Tax Transfer Fee
Termite/Pest Inspection
Title Binder
Title Guaranty Fee
Title Endorsements
Title Examination Fee
Title Inspection (To Title Company)
Title Insurance (Lenders or Owners)
Title Opinion/Policy (To Title Company)
Transfer Tax
Verifications - Cost of verifying or confirming info re: non APR item
Warranty Deed Fee

**IF YOU HAVE TO GUESS, ASSUME IT TO BE A FINANCE CHARGE.**