Question 1

What are Planet Home Lending's average closing costs?

Accepted Answer

Based on 13,846 homebuyer-submitted Closing Disclosures, Planet Home Lending's median total closing costs are $5,499. This is about 74% above the $3,167 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.

Question 2

Does Planet Home Lending charge junk fees?

Accepted Answer

None of the 13,846 Closing Disclosures we've analyzed for Planet Home Lending included fees flagged as potentially excessive — a strong sign. That said, every loan is different. Fair Closing Check can review your specific disclosure to confirm there are no hidden charges on your loan.

Question 3

How do Planet Home Lending's fees compare to other lenders?

Accepted Answer

Planet Home Lending currently holds a grade of A on Fair Closing Check, placing them well below the national average — one of the most competitive lenders in our database. Their median closing costs of $5,499 are about 74% above the $3,167 national peer median. Grades are based on real homebuyer-submitted Closing Disclosures and scale from A (well below average) to F (significantly above average). This is informational only; individual loans vary by state, loan type, and borrower circumstances.

Question 4

Can I negotiate closing costs with Planet Home Lending?

Accepted Answer

Yes — closing costs are almost always negotiable to some degree. Based on our data, Planet Home Lending's origination fee (avg $2,925 vs $1,721 peer avg) and underwriting fee (avg $1,651 vs $1,600 peer avg) have both run above comparable lenders — making them the most important fees to challenge. Lender-controlled fees like origination, processing, and underwriting charges can often be reduced or waived, especially if you have a strong credit profile or are comparing offers from multiple lenders. Third-party fees such as title insurance and settlement services can sometimes be shopped around for better rates — you are generally entitled to choose your own providers. Fair Closing Check analyzes your specific Closing Disclosure and identifies which fees to challenge and how much room there is to negotiate. This is informational only and not legal or financial advice.

Question 5

What fees on Planet Home Lending's Closing Disclosures run above peer averages?

Accepted Answer

Across homebuyer-submitted Closing Disclosures for Planet Home Lending, three fee categories tend to run above comparable lenders: origination fee (avg $2,925 vs $1,721 peer avg, +$1,204), lender credits (avg $1,446 vs $430 peer avg, +$1,016), and discount points (avg $2,633 vs $2,109 peer avg, +$523). These are the line items most worth scrutinizing or challenging on your own disclosure. "Junk fees" is industry shorthand for charges that are inflated beyond the peer norm or provide little discernible value — the CFPB recommends shopping title, settlement, and pest-inspection services independently when possible. This data is informational only and not financial advice.

Question 6

How much do Planet Home Lending's closing costs vary by state?

Accepted Answer

Planet Home Lending's closing costs vary significantly by state. Based on the 51 states in our database with at least 3 reports, median total closing costs range from $2,900 in Montana to $11,397 in PR — a $8,497 spread. Variation reflects state-specific transfer taxes, title insurance regulation, attorney requirements, and recording-fee schedules rather than lender policy. See state-level data on this page to compare your own state. This is informational only and not financial advice.

Fee Category	This Lender (avg)	National Avg	Verdict
Title Insurance	$3,459	$3,460	🟡 Average
Origination Fee	$2,925	$1,721	🔺 High
discount_points	$2,633	$2,109	🔴 Above Avg
Underwriting Fee	$1,651	$1,600	🟡 Average
lender_credits	$1,446	$430	🔺 High
Appraisal	$1,198	$1,166	🟡 Average
Settlement/Closing Fee	$1,076	$1,077	🟡 Average
Processing Fee	$892	$857	🟡 Average
Title Search	$434	$429	🟡 Average
Rate Lock Fee	$395	$386	🟡 Average
Recording Fee	$375	$380	🟡 Average
Document Preparation	$185	$182	🟡 Average
Tax Service Fee	$142	$140	🟡 Average
Wire Transfer Fee	$76	$74	🟡 Average
Credit Report	$75	$78	🟡 Average
Courier/Delivery	$66	$63	🟡 Average
Flood Certification	$26	$25	🟡 Average

Fee Category	This Lender (avg)	National Avg	Verdict
Title Insurance	$3,459	$3,460	🟡 Average
Origination Fee	$2,925	$1,721	🔺 High
discount_points	$2,633	$2,109	🔴 Above Avg
Underwriting Fee	$1,651	$1,600	🟡 Average
lender_credits	$1,446	$430	🔺 High
Appraisal	$1,198	$1,166	🟡 Average
Settlement/Closing Fee	$1,076	$1,077	🟡 Average
Processing Fee	$892	$857	🟡 Average
Title Search	$434	$429	🟡 Average
Rate Lock Fee	$395	$386	🟡 Average
Recording Fee	$375	$380	🟡 Average
Document Preparation	$185	$182	🟡 Average
Tax Service Fee	$142	$140	🟡 Average
Wire Transfer Fee	$76	$74	🟡 Average
Credit Report	$75	$78	🟡 Average
Courier/Delivery	$66	$63	🟡 Average
Flood Certification	$26	$25	🟡 Average

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