No Lender Fees Loans   

 

Loan Shoppers has made comparing and shopping for a home loan easier. With our NO Points NO lender fees loan program, you know what you're paying for up-front with Loan Shoppers. There is no bait and switch. No annoying fees...large or small. Just a "Great Rate and Great Service". A No Closing Cost Mortgage option is available on refinances only with a $250,000 minimum loan amount. 

So when you apply with Loan Shoppers for a "fee-less" home loan, you won't be charged any of the following lender fees:

• Administrative Fee - $0
• Loan Origination Fee - $0
• Processing Fee - $0
• Underwriting Fee - $0
• Wire Transfer Fee - $0
• Mortgage Broker Fee - $0
• Points - $0
• Document Preparation Fee - $0
• Tax Service Fee - $0
• Flood Certification - $0

* NOTE - Minimum loan amount of "$250,000" for No Closing Cost Refinance

Keep in mind any fees charged by other lenders or brokers are normally not tax deductible. So, this program may be the right choice. But before you decide on what plan is right for you, it's always good to consult the advice of a professional tax advisor about the deductibility of mortgage interest and points.

NO Points NO Lender Fee - Save & Apply Now

Why No Points No Lender fee mortgage loans?
Loan Shoppers is able to eliminate all lender fees by using various loan programs. This mortgage program is part of Loan Shoppers continued effort to ease up the loan process, making it clearer and less intimidating. This program is on fixed and adjustable rate programs and approximately .375 above a zero point loan.

What are lender fees?
Lender fees are charged for various services rendered by the lender. Common fees include application fees, administration fees, processing fees, underwriting fees, and funding fees.

Are there any fees that Loan Shoppers has under its No Points No lender fees program?
While there will be no lender fees, your loan may still have third-party fees. Among these are fees for appraisal*,courier, notary, title insurance, and recording. Because other parties charge these fees, Loan Shoppers has no control over them. Please note that on your interest rate, your loan may include discount points. Loan discount points are different from fees and are used to buy down the interest rate.

What are lender fees typically worth?
The fee amounts vary depending on your loan amount, loan product, and state. Most loans have fees in excess of $1,500 or more from competing lenders.

Are there any lender fees added at closing?
No. Loan Shoppers will provide you with one price for your loan with no hidden lender fees. All third party fees will be fixed once your documents have been prepared.

*Appraisal being credited back at close of escrow until 3/31/2002.