Closing Costs - Closing Costs and Information
Closing Costs can be Free for the borrower(s) with decent FICO scores and a modest home loan amount. In these cases our customers will still receive a disclosure of the closing costs on a Good Faith Estimate . However, at closing the closing costs are paid with a broker credit from us. On the other hand, if your credit score and loan amount are lower than average, we may not get paid enough on the loan to cover the closing costs. At these times, we'll pay as many of them as possible.
Below is a chart which explains the normal closing costs that are associated with an average loan type but do not reflect what will actually be charged as each home loan situation is different and must be quoted. Please remember that this chart is just a guide for reference and some costs may actually be lower than the minimum listed depending on the loan factors. For an actual Good Faith Estimate and a Free Credit Report (APPLY NOW).
