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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

What are late fees on a mortgage?

Answer:

Most mortgage contracts include a grace period, after which time the loan servicer charges a late fee.

Late fees can be charged only in the amount specifically authorized by the mortgage documents you signed. State law may also limit the amount of late fees that you can be charged.

For a loan you’ve applied for, check page 3 of the Loan Estimate to find out how much the late fees will be. For a loan you’re currently paying back, check page 4 of the Closing Disclosure.

If you have a problem with your mortgage company, you should discuss the issue with your lender. You can also submit a complaint to the CFPB online or by calling (855) 411-CFPB (2372). We’ll forward your complaint to the company and work to get you a response – generally in 15 days.

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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.