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"Putting Home Ownership Within Reach" First and Second Mortgages · Purchases · Refinancing · Home Equity Loans · Lines of Credit Ph: 215-674-9158 Toll Free: 866-636-9300 · Licensed in Pennsylvania |
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"Putting Home Ownership Within Reach" First and Second Mortgages · Purchases · Refinancing · Home Equity Loans · Lines of Credit Ph: 215-674-9158 Toll Free: 866-636-9300 · Licensed in Pennsylvania |
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Brokers/lenders are required by law to disclose in writing, known as a Good Faith Estimate (GFE), your estimated closing costs and fees. Below is a brief summary of possible closing costs you might have to pay depending on the loan program you select and your down payment amount.
| Appraisal | $225.00 - $350.00 |
| Credit Report | $0 - $35.00 |
| Processing Fee | $0 - $250.00 |
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Escrow Deposit for taxes & insurance (not required at 80% LTV and under |
Taxes: Anywhere from 2 to 12 months worth of payments |
| *** Transfer Taxes - Title fee | Varies widely by municipality (Typically 1 to 1.5% of sales price) |
| Title Company Closing Fee | $0 - $300.00 |
| Title Insurance (Lender's Policy) | Pennsylvania regulated - Cost varies by loan amount or purchase price. |
| *** Annual Homeowners Insurance | Varies - $300.00 and up |
| Broker Origination Fee | 0% - 4% |
| Notary/Title Fee | $25.00 |
| Recording Fees | Varies widely depending on municipality. Generally between $50 and $150 |
| Courier Fee - Title fee | $15.00 - $75.00 depending on amount of packages |
| Prepaid Interest | Varies depending on loan amount, interest rate and time of month you close on your loan. |
| Closing Protection Letter - Title fee | $0 - $35.00 |
*** Purchases Only
Licensed by Pennsylvania Dept. of Banking
Pursuant to the First and Secondary Mortgage Loan Act