"Closing Costs" are the fees that cover the various services involved in the sale of a house. Buyers & sellers usually negotiate the payment of these closing costs.
Many of the costs associated with buying a house are associated with getting a mortgage. Since Not Your Average Lender is highly experienced with mortgages and closings, we often explain the details of closing costs.
Very shortly after you submit your application, we'll provide you with a "Loan Estimate" of your costs. The closing costs specified in the Loan Estimate are estimated based on our experience with mortgage loans, but costs often vary by small amounts between delivery of the LE and closing. We field questions about closing costs every day at Not Your Average Lender, so please be sure to contact us if you have questions.
Below you'll find a general list of costs for buying a home. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.
Standard Closing Costs Loan-Related Costs Various TaxesCosts related to "originating" your loan Points — lower your mortgage interest rate (optional) Appraisal Fee Getting Your Credit Report Interest Payment Escrow Fees Property Taxes Recording Fees and Transfer Taxes Insurance Homeowners Insurance Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance if applicable
Looking for a new home loan? Fill out the following form to get a fast quote from us.