Is there an underwriting fee?
When issuing a Letter of Interest, CCG Capital will include a non-refundable underwriting fee based upon the amount of work that is required to successfully close the loan. The underwriting fee is used to cover underwriting costs, funds reservation and processing costs. This fee does not cover appraisals, surveys, environmental studies, or any other third party fees that might be required in order to underwrite the loan.
- $995 for a 1 to 4 family residential refinance, cash out or rehab loan
- $1,495 for a 1 to 4 family residential new construction loan
- $3,000 for commercial loans up to $1,500,000
- $5,000 for commercial loans from $1,500,000 to $5,000,000