Is there an early-payoff fee or prepayment penalty in the US?

Applies to: United States.

For US home financing, there is generally no prepayment penalty. Some nonstandard or non-QM programs may have an early lease termination or prepayment charge, which should be disclosed before you complete the transaction.

Check the terms of your particular program before committing to an early payoff. Ask the team to identify any applicable charge, the period during which it applies, and whether it is included in the payoff amount.

If you already have an account, request payoff instructions from Customer Care so the amount and requirements can be confirmed for your agreement. The general absence of a penalty does not mean every US program has identical terms.