Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees that pay for various services involved in the sale of residential real estate. Buyers & sellers almost always negotiate these closing costs.

Many of the closing costs associated with buying a home are associated with getting a mortgage loan. Since 1st Credential Mortgage Inc is highly experienced with closings and mortgages, we are closing cost experts.

Loan Estimates (LEs)

Buyers will receive a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very precise, we cannot always predict closing costs to the penny. We go over LEs with buyers almost every day, so we will be happy to answer any questions you have about closing costs.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you complete your loan application. At 1st Credential Mortgage Inc, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
  • Loan-related costs
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

1st Credential Mortgage Inc can answer questions about these closing costs. Call us: (281) 778-0805.

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