In 2020, the average G-fee paid to the mortgage-backed security issuer or the company that backs the loan, such as Freddie Mac or Fannie Mae, was 0.54% of the total mortgage amount, according to FHFA data.
“FHFA is eliminating upfront fees for certain first-time homebuyers, low-income borrower and underserved communities to promote sustainable and equitable access to affordable housing,” said FHFA director Sandra Thompson.
