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I am taking out an FHA 15 year fixed mortgage. I am being charged 1% loan origination, a 700 processing fee, a 700 underwriting fee, and the standard title costs, and government transfer fees. I am getting 4.25% rate. Also, I am paying 1% FHA Up Front Mortgage Insurance Fee. I know that I can deduct the 1% loan origination fee over the life of the loan. Is anything else tax deductible? I live in Indiana if that makes a difference. The processing and underwriting fees are paid to the bank along with a $ 295 warehouse fee and $ 150 admin fee. Please let me know what fees both to the bank and if any other title fees are tax deductible.

Thank you for all your help.

1 Thought on Refinance tax Deductibility Question- FHA refinance, Primary Residence?
  1. Reply
    Let me steer you
    May 21, 2011 at 2:50 am

    You cannot deduct the processing fee, warehouse fee or the admin fee. You are correct about the loan origination fee. Commitment fees and processing costs are not tax deductible.

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