Lender’s fees and other closing costs can add 3 to 5 percent to your home’s purchase price. When looking for the best deal on fees, though, realize that some lenders show third-party fees on their good faith estimates, while others show only their own fees.
LIKELY LENDER FEES:
- Origination fee (“points”)
- Administration fee
- Application fee
- Broker or lender fee
- Commitment fee
- Document preparation
- Underwriting fee
LIKELY THIRD-PARTY FEES:
- Credit report
- House appraisal
- Pest inspections
- Recording fees
- Settlement fees
- Survey
- Tax and insurance prepayment
- Title search
- Title insurance
- Courier Services
AND ALWAYS ASK: “What other costs will I be responsible for to get our home closed?”
As always, if you have questions about Augusta homes for sale or the Augusta real estate market, please give us a call!