There are certain standard costs associated with closing the sale of a home. Sellers and buyers customarily split these costs, as specified in the sales contract.
Many of the closing costs associated with buying a home are associated with getting the loan. At Not Your Average Lender, we have extensive experience in residential mortgage lending, so we can compile a comprehensive report on closing costs related to your mortgage in your "Loan Estimate".
Soon after you submit your application, we will provide you with a "Loan Estimate" of your closing costs. We base this cost estimate on our many years of past experience. Please note that while our LEs are very precise, we can't always estimate closing costs to the penny. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can vary a little bit at closing.
Below you'll find a general list of closing costs. We will provide a specific list of your closing costs when we give you a Loan Estimate.
Standard Closing Costs Loan-Related Costs Points — lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Up-front Interest Payment Escrow Account Various TaxesLoan Origination Fee Property Taxes Transfer Taxes and Recording Fees Insurance Homeowners Insurance Flood or Earthquake Insurance if applicablePrivate Mortgage Insurance (PMI) Title Insurance
Looking for a new home loan? Fill out the following form to get a fast quote from us.