Certain standard costs are associated with closing the sale of a home. Buyers and sellers almost always split these costs, as specified in the real estate sales contract.
As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. Since Statewide Funding has extensive experience with closings and mortgages, we are closing cost experts.
Very shortly after you apply for a loan, we will give you the "Loan Estimate" of your costs. The closing costs enumerated in the Loan Estimate are estimated based on Statewide Funding's experience with mortgage loans, but costs often change by small amounts between delivery of the LE and closing. We handle questions about closing costs every day at Statewide Funding, so don't hesitate to contact us if we can help answer your questions.
We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you have completed your application. At Statewide Funding, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Various TaxesCosts related to "originating" your loan Points — These are costs you pay up-front to lower your interest rate (optional) Appraisal Fee Getting Your Credit Report Up-front Interest Payment Escrow Fees
Recording Fees & Transfer Taxes Insurance
Private Mortgage Insurance (PMI) Title Insurance Flood or Quake Insurance
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