Origination Fee

An origination fee is an upfront charge assessed by a lender for processing a new loan application. It covers the costs of underwriting, evaluating the borrower's credit, and funding the loan.

Origination fees are typically deducted from the total loan amount disbursed. For example, a 5% origination fee on a $10,000 loan means you will receive $9,500 in your account. Our algorithmic match emphasizes lenders with transparent or zero origination fees.