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.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

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

 

*****DUE TO RECENT FRAUD NOTICES, WE AT UNITED LENDING LOAN SERVICES, INC, WOULD LIKE TO INFORM OUR CUSTOMER THAT WE DO NOT PROVIDE ANYONE WITH "PERSONAL LOANS" OF ANY SORT. WE HAVE BEEN GETTING CALLS FROM PEOPLE IN VARIOUS EASTERN STATES CLAIMING THAT WE HAVE APPROVED THEM FOR A $1,500 LOAN AND THAT THE MONEY WILL BE DEPOSITED INTO THEIR BANK ACCOUNTS. PLEASE...UNDERSTAND THAT THE COMPANY CALLING YOU IS NOT US. WE ONLY DO CALIFORNIA MORTAGES AND ARE LICENSED TO CONDUCT BUSINESS IN CALIFORNIA ONLY. WE CAN NOT STRESS THIS ENOUGH. DO NOT GIVE YOUR INFORMATION TO PEOPLE THAT PROMISE TO DEPOSIT MONEY INTO YOUR ACCOUNTS OR THAT YOU HAVE BEEN "PRE-APPROVED". BEST OF LUCK TO ALL OUR FELLOW HOME OWNERS AND REMEMBER, UNITED LENDING LOAN SERVICES, INC IS HERE TO ASSIST YOU IN YOUR HOME FINANCING NEEDS....THANK YOU.*****