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     Typical Closing Costs for Most Property Types (in addition to points):

    UP-FRONT FEES:

    We require no up front fees. 0

    CLOSING COSTS:

    Appraisal Fee $250 - $500 (depending on property type)
    Credit Report $25
    Document Prep/Underwriting Fee $150
    Title Insurance Fee $420 - $950 (depending on loan amount)
    Escrow Fee $250-$500 (depending on loan amount)
    Recording Fee $50-$100 (depending on county and number of pages)
    Notary Fee $10 - $125 (depending on where signing occures)
    Courier/Mailing Fees $30 - $60



    PER DIEM INTEREST:

    As a result of there being no mortgage payment due the first month following your closing; at the closing you must pay simple interest covering the period from the day of funding through the end of the month.


    PROPERTY TAX & HOMEOWNERS INSURANCE ESCROWS

    We require your property taxes and insurance to be paid current at the time the loan escrow closes. Any delinquent property taxes must be paid directly to the tax collector from escrow. If your insurance premium is due, it to must be paid through escrow.

    We do not offer impound escrow accounts for future tax and insurance payments. This will remain yours or your senior lenders responsibility to pay and keep current as long as our loan has any outstanding balance owed.



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