Loan Closing Fees | Join MBAG

Explanation of Loan Closing Fees

Regular Members pay a loan closing fee on residential loans closed on Georgia property in the name of the lender/broker/banker/S&L company. The loan closing fee is based on loans closed from July 1, through June 30, and are due on the first renewal date. Loan closing fees are not applicable to new members until the first renewal date. These fees are to be added to the base dues of $600 or $400 / Year (depending on membership category) on the renewal date each year. The schedule is shown below:

Under 250 loans (RI members)

No loan closing fees

250-500 Loans (RI members)

$50 add to base dues

Under 500 Loans (R members)

$50 add to base dues

500-1000 Loans

$75 add to base dues

1001-2000 Loans

$150 add to base dues

2001-3000 Loans

$225 add to base dues

3001-4000 Loans

$300 add to base dues

4001-5000 Loans

$375 add to base dues

5001-6000 Loans

$450 add to base dues

6001-7000 Loans

$525 add to base dues

7001-8000 Loans

$600 add to base dues

8001-9000 Loans

$675 add to base dues

9001-10000 Loans

$750 add to base dues

10001-11000 Loans

$825 add to base dues

11001-12000 Loans

$900 add to base dues

12001-13000 Loans

$975 add to base dues

13001 Loans & Over

$1000 add to base dues (maximum)

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