Saffron Premier Mortgage LLC
(888) 972-3376

No Lender Fee Offer

At Saffron Premier Mortgage we specialize in offering mortgage products without charging unnecessary lender fees. Many lenders charge thousands of dollars in fees to offset their operational expenses. At Saffron Premier we use the latest technology to automate a significant portion of the loan origination process. As a result, we are able to offer mortgage products without charging the following fees.

Fees We Do Not Charge

  • Origination Fee - An origination fee in a mortgage transaction is a charge by the lender for expenses related to setting up your loan, researching your loan options, and compensating your loan officer. This fee can be as high as 1-2% of your loan amount. Saffron Premier Mortgage does not charge this fee.
  • Underwriting Fee - An underwriting fee is a charge that covers the cost of evaluating and verifying the information and documents you provided as part of your loan application before the lender gives final approval. This fee typically costs between $1,000 and $2,000. Saffron Premier Mortgage does not charge this fee. 
  • Processing Fee - A processing fee is a charge that covers the cost of obtaining, organizing, and reviewing documents from 3rd parties related to your mortgage loan application, for example, HOA, insurance, income, payoffs, appraisal etc. This fee typically costs between $500 and $1,000.  Saffron Premier Mortgage does not charge this fee. 
  • Rate Lock Fee / Commitment Fee - Some lenders charge you an upfront cost to lock your rate. This fee typically costs between $100 and $500. This is typically a non-refundable fee that is charged to discourage you from shopping with other lenders. Saffron Premier Mortgage does not charge a rate lock or commitment fee.
  • Points* - A point, also commonly referred to as a "discount point", is an upfront fee paid to your lender to lower your interest rate over the life of your loan. 1 Point is equal to 1% of your loan amount. Paying an excessive amount in points is not typically recommend. You may end up paying more in points than the amount you would save in interest payments. In limited circumstances paying points may make sense for your scenario. Ask your loan officer for more information specific to your loan application.

Other Closing Costs:

The following fees are paid to 3rd parties and are not directly collected by the lender. We do offer options to provide lender credits to offset some or all of these fees. Ask your loan officer for more information specific to your loan scenario.

  • Credit Report Fee
  • Appraisal
  • Verification Fees (Tax Service, Flood Report, MERS)
  • HOA / Condo Document Fees
  • Escrow & Settlement Service Fees
  • Title Insurance 
  • Government Taxes & Recording Fees
  • Home Insurance

Assumptions

  • You are purchasing a single family detached home. Townhomes and Condominiums are accepted on a case-by-case basis but may have additional fees related to obtaining and reviewing HOA documents.
  • You are purchasing a primary residence. Investment properties may require additional fees to document rental income.
  • You have a total debt-to-income ratio <= 45%. You are welcome to submit an application if you don't meet this requirement. Your loan officer will advise you of additional loan options.
  • You have an excellent FICO credit score (700+). You are welcome to submit an application if you don't meet this requirement. Your loan officer will advise you of additional loan options.