How much money can the bank keep of yours when doing a rate lock
If you back out of a deal after giving the bank a deposit to lock rate and order phase 1 and appraisal. Can you get all your money back minus the phase 1 and appraisal costs as these are already completed and bank has approved loan.

Can the bank charge any fees for underwriting the loan if it is never actually funded?
[{"id": "iukq9v3", "text": "It really depends. Did you sign a term sheet or any other agreement that would spell this out?", "replies": [], "depth": 1}, {"id": "iukqeyn", "text": "If they actually did a rate lock (not a spread lock) then they bought fixed rate securities and have substantial unwinding costs. This can be a few percent of the loan amount.\n\nAlso, typically there is a non refundable deposit for bank\u2019s fees. Your term sheet or loan docs will spell it out.", "replies": [], "depth": 1}, {"id": "iukte85", "text": "You can\u2019t get all your money back if you put a deposit down for a rate lock and walk\n\nThey can charge you fees for underwriting if it\u2019s not funded. They\u2019ll just take it from your good faith deposit.", "replies": [], "depth": 1}, {"id": "iukveoq", "text": "It was a \"letter of interest only\" and the deposit was a good faith deposit spelled out on the form it says all monies will be refunded besides 3rd party reports in the event loan is not approved. I have not signed anything else from the bank.", "replies": [], "depth": 1}]