Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee (if applicable) 
  • Points (optional)
  • Underwriting Fee
  • Tax Service Fee
  • Document Preparation Fee
  • Flood Certification Fee
  • Appraisal Fee
  • Credit Report

Taxes

  • Property Taxes
  • Recording Fees

Insurance

  • Homeowners Insurance
  • Flood  Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 



                                                                                           


The Bank of Clovis 300 Main St. Clovis, NM 88101
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