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Patgeo
New Member

Can I deduct processing and underwriting fees paid to the mortage company for a new home purchase?

 
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2 Replies
DeniseF1
New Member

Can I deduct processing and underwriting fees paid to the mortage company for a new home purchase?

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.

Can I deduct processing and underwriting fees paid to the mortage company for a new home purchase?

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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