FHA and VA Allowable and Non-Allowable Fees

Always check with your lender for the most up to date information.

VA and FHA loans

VA- Allowable:

  • Document Draw Fee (if required for Buyer)
  • Notary Fee
  • Title Insurance - ALTA
  • Credit Report
  • Appraisal - if ordered in Veterans Name
  • VA Funding Fee
  • 1% Origination Fee
  • Interest from day of recording
  • Recording Fee - Max. $17.00
  • Tax proration to day of recording
  • Home Protection Plan (if requested by Borrower upfront)
  • Hazard Insurance Premium

 

VA - Non Allowable:

  • Base Escrow Fee
  • Loan Tie-in Fee
  • Demand/Payoff Statement  Fee (ok on refi only)
  • Sub Escrow Fee (title payoff fee)
  • Reconveyance Fee (ok on refi only)
  • Any Lender Document Fee
  • Processing Fee
  • Warehouse Fee
  • Loan Discount Points
  • Charges by other Lenders
  • Tax Service Contract
  • Underwriting Fee
  • Administration Fee
  • Photo Inspection Fee
  • Recording Fee - Balance above $17.00
  • Termite Fees or Work Charges
  • Any Messenger Fee incl. Overnight Delivery
  • Notary Fees
  • Homeowners Assn. Transfer Fee
  • Assignment Fees
  • Documentary Transfer Tax Fee
  • Bring-down Fee
  • Change of Ownership Fee (PCOR Penalty)
  • Commission
  • Transaction Coordinator Fee
  • Title Policy Endorsement Fees
  • Home Protection Plan

 

FHA- Allowable:

  • Base Escrow Fee
  • Title Insurance ALTA
  • FHA Appraisal Compliance Inspection Fee
  • 1% Loan Origination Fee
  • FHA MIP Premium
  • Loan Discount Points
  • Credit Report Fee (Actual Cost)
  • Appraisal Fee (Actual Fee)
  • Interim Interest
  • Hazar or Flood Insurance Premiums
  • Notary Fee $10.00/Signature
  • Recording Fees - Actual Fees
  • Termite (initial inspection ok - no repairs unless approved in writing by lender)
  • Home Warranty - ok if stipulated in escrow instructions and with prior approval of lender
  • Amortization Schedule Fee
  • Real Estate Commission (if prior approval in writing by lender)
  • Broker Fees (if prior approval in writing by lender)
  • Tests or treatments required by HUD (if prior approval in writing by lender)
  • Compliance Inspection Fee

 

FHA - Non Allowable:

  • Sub-Escrow Fee to Title Company
  • ALTA Endorsement Fees
  • Other inspection Fees are not allowed
  • Recording Assignment Fee
  • Processing Fees
  • Document Preparation Fees
  • Tax Service Contract
  • Any Messenger Fee incl. Overnight Delivery
  • Loan Tie-in Fee
  • Bring-down Fee
  • Title Binder
  • Tax Stamps/City Transfer Tax Charges
  • Homeowners Association Transfer Fee
  • Repairs or work required on FHA Appraisal (unless approved in writing by lender)
  • Home Warranty Program - ok if stipulated in escrow instructions and with prior approval of lender
  • Photo Fee/Photo Inspection Fee
  • Reconveyance Fee
  • Preliminary Change of Ownership Report
  • Commission
  • Transaction Coordinator Fee