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Are underwriting and processing fees for new mortgage tax deductible

by jenniferlucci104 from Missouri City, Texas. Feb 4th 2014 Reply


Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

For a residential mortgage, in most cases they are not.

Feb 4th 2014
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#76 ranked lender in Florida - 2,240 contributions

No not typically but check with your tax professional to be sure as tax laws change from year to year.

Feb 4th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,588 contributions

Not on your primary residence, but possibly on an investment property.. check with your accountant for more direct response.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 4th 2014
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Christopher Arco (1stNationwide)
#172 ranked lender in California - 39 contributions

I am not a tax professional and you should consult one.From my experience only points charged are tax deductible.

Feb 4th 2014
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Sara Deere (Saraloveshomeloans)
#39 ranked lender in Kansas - 534 contributions

TX have a lot of different mortgage rules than other states. You should check with your local accountant or tax professional for the answer to your question.

Feb 4th 2014
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

The unofficial answer is no. However, like everyone is saying check with a tax professional first. Bring or have with you a copy of your HUD1 settlement statement to go over any figures if needed. Best wishes, Sean

Feb 4th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,875 contributions

In a mortgage pro, not a tax pro... but my understanding after 22-years in the business is that they are NOT.

Feb 5th 2014
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