Certain standard costs are associated with closing the sale of a home. Buyers and sellers customarily share these closing costs, as the sales contract specifies.
As indicated below, many of the costs result from getting your mortgage. Since Americn Hero Mortgage is highly experienced with mortgages and closings, we can help you understand your closing costs.
Very shortly after you submit your application, we'll provide you with a "Good Faith Estimate" of your closing costs. This cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we cannot always predict your costs to the penny. We review Good Faith Estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.
Below you'll find a generic list of costs for buying a home. We will provide you with a specific list of your closing costs when we give you a Good Faith Estimate.
Standard Closing Costs
Credit Report Up-front Interest Payment Escrow Fees TaxesCosts associated with "originating" your loan Points — lower your interest rate (optional) Appraisal Fee
InsuranceRecording Fees and Transfer Taxes
Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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