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No, These costs (appraisals, underwriter, attorney, or bank fees, title fees, etc.) are not deductible.
However, on a new loan, mortgage interest paid (including origination fee or "points"), real estate taxes are deductible.
If in the closing disclosure these processing and underwriting fees are specificanlly listed under Origination Charges? There are three lines items like below.
Section: Loan Costs
A. Origination Charges = $4
1. 1% of Loan Amount (Points) = $2
2. Processing Fees = $1
3. Underwriting Fees = $1
Are you sure that total of $4 can not be deducted, but only $2?
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