Origination fees 2.5%?

[Jonathan Riordan]

I am under contract on a house and my lender sent over the closing cost estimations. It looks like they are charging an origination fee of 2.5%. This seems high compared to what I have seen in the past. What have y'all seen in regards to origination fees? 

Thanks in advance! 

[Jay Hurst]

Quote from @Jonathan Riordan:

Quote from @Jay Hurst:

Quote from @Jonathan Riordan:

I am under contract on a house and my lender sent over the closing cost estimations. It looks like they are charging an origination fee of 2.5%. This seems high compared to what I have seen in the past. What have y'all seen in regards to origination fees? 

Thanks in advance! 

 @Jonathan Riordan    The cost is just like the rate in that it depends on the details.  is this for a conventional loan?  Owner occupied or non-owner?  Credit score, down payment all play into the rate AND costs of a loan. It may very will be overpriced but no way to know without the details. 

Yes it is a conventional loan, owner-occupied, high credit score (near 800), 5% down, $220,000 loan! Thanks for all of the help. 

 @Jonathan Riordan    In that case, there is no reason you should HAVE to pay 2.5% in origination. You CAN pay that if you are buying down your rate significantly but again that should be your choice.