Are origination fees tax deductible?

Answer When purchasing a mortgage or refinancing one, many borrowers look to deduct some of the closing costs from their tax bill. However, the only cost associated with a mortgage closing that is tax ded... Read More »

Top Q&A For: Are origination fees tax deductible

Are origination fees on reverse mortgages set by fha?

The origination fee associated with a reverse mortgage is set by the originating lender, which may or may not be FHA. However, if the borrower is purchasing a FHA reverse mortgage, the origination ... Read More »

Are origination points tax deductible?

Origination points refer to money paid by borrowers to cover the costs of taking out a mortgage. These points are not deductible on your income taxes, according to Bankrate, because they would othe... Read More »

Is a loan origination fee tax deductible?

In the event of a purchase of a mortgage, a borrower may deduct any points paid to reduce the interest rate from his taxes. However, any funds paid towards the loan origination fee, or origination ... Read More »

Are FHA Funding Fees Tax Deductible?

The Federal Housing Administration (FHA) requires a funding fee, more commonly known as a Mortgage Insurance Premium (MIP), at the time of closing. This premium ensures a lender that the loan will ... Read More »