Origination Fee

The origination fee is what the lender charges to underwrite and fund the loan. It can be a flat dollar amount or a percentage of the loan (often 0.5%–1%). Some lenders bundle multiple sub-fees (application, underwriting, processing) into a single origination line; others itemize.

Origination fees are negotiable and a major point of comparison between lenders. They count toward APR, so two loans with the same rate but different origination fees will have different APRs.

Why it matters for Milo customers

Milo charges a 2% origination fee on crypto-backed loans (rolled into the 10.75% APR). Mortgage origination fees vary by program and are disclosed in your Loan Estimate at application.

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