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In almost all Real Estate transactions, there are closing costs that are above and beyond your down payment and escrow deposit. · Property Survey (unless the seller has an acceptable certified copy available) · Lender’s Title Policy (usually costs approx. $300.00) · Pest Inspection (usually ranges between $75.00 and $125.00 depending on size of home) · Home Protection Plan (this is optional and coverage varies between providers) · Deed Recording Fee (normally between $175.00 and $250.00) · Homeowner Association Fee (pro-rated at closing) · Condominium Association Fee (if applicable) · Loan Closing Costs (unless paying cash for your purchase) o Property Appraisal Fee o Credit Report o Loan Origination Fee |
o Discount Points o Tax Service Fee o Flood Certification o Processing Fee o Underwriting Fee o Endorsements o Recording Fees o Documentary Stamps on your Mortgage (35 cents per $100.00 of loan amount) o Intangible Tax o VA Funding Fee (if applicable) · Other Prepaid Fees o Pro-rated Property Taxes o Homeowner’s Insurance o Flood Insurance (if required, optional if not) o Condo/HOA Fee (pro-rated at closing) o Interest to Day of Closing Please keep in mind that each home purchasing situation is different. In certain instances it may be possible to request that the seller pay some, |