Home Lending - Upfront Credit Report Fee Collection for Credit Approval.
As you begin your home loan process, I wanted to give you a quick heads-up about TWO STANDARD FEES you'll see early on.
These are required to move your application forward and are paid directly to third-party service providers—not to me or my company.
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🔹 Credit Report Fee
To get pre-approved or officially start the loan process, we’ll need to pull your credit.
-> Individual report: $75
-> Joint report (two borrowers): $150
NOTE: This is paid to a licensed credit reporting agency and is required for all applicants.
You can access the portal to make your payment by clicking the square logo next to the title of this section ($) logo.
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🔹 Appraisal Fee
Once you’re under contract (or moving forward on a refinance), we’ll order an appraisal to confirm the property’s value.
Typical range: $550–$750
This is paid to an independent appraiser and is required by the lender for collateral underwriting.
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đź’ˇ Important: Both of these fees are listed on your Loan Estimate and will be reflected again on your final Closing Disclosure (CD). Any upfront payments you make will be credited back at closing and reduce your total cash required to close.
If you have any questions, please contact your mortgage loan originator/broker (ME - Amit Gandhi)
D: (972) 213-5368 (text-friendly).
E: [email protected]
