Homebuyers are paying more for mortgage credit checks. Here’s why

Published Sun, Feb 22 20269:30 AM EST

By: Sarah Agostino

There’s a line item in homebuyers’ closing costs that’s causing a clash in the mortgage industry: the fee for lenders to check borrowers’ credit.

While the charges — typically in the tens or hundreds of dollars — represent a tiny slice of the amount that buyers pay when a home purchase is finalized, the cost has risen sharply in recent years. Costs in 2026 could rise an average 40% to 50%, according to a Dec. 12 letter from the Mortgage Bankers Association to Federal Housing Finance Authority Director Bill Pulte. LEARN MORE…

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