An origination fee is a lender charge (typically $995-$1,495) for processing the loan. A $0 origination mortgage skips that fee entirely. Rate Direct charges $0 origination on Conventional, FHA, and VA loans. Third-party costs like title, appraisal, recording, and prepaids still apply because they are not lender-controlled.

A junk fee is a lender-controlled charge that does not correspond to actual cost - things like processing fees, underwriting fees, document prep fees, and admin fees that some lenders stack to inflate compensation. The Loan Estimate must disclose all of these on Page 2, Section A. Look there to compare lenders.

Wholesale lenders pay the broker through the rate or rebate, not a separate fee paid by the borrower. The compensation is disclosed and capped by regulation. No origination fee on Rate Direct means the lender pays for our work; you do not.

Yes. The pricer below shows the rate, total lender fees, rebate, lender fee total, and resulting P&I for each scenario - upfront, before you provide any personal information.

No. The pricer displays all lender-controlled fees in the results table. Lock period extension fees may apply if you need to extend after the original lock window. Third-party costs vary by state and property and are not set by us.

Yes. The $0 origination is the standard pricing; the $2,000 Best Price Guarantee is the additional backstop on qualifying loans (fixed-rate Conventional, FHA, VA at $200,000+).