Your Closing Costs

"Closing Costs" are the fees that cover the various services involved when you sell or buy a house. Buyers and sellers negotiate the payment of these closing costs.

Many of the closing costs associated with buying a house are associated with getting the mortgage. At First Access Mortgage, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of costs related to your mortgage in your "Good Faith Estimate".

The Good Faith Estimate (Also know as the GFE)

Soon after you submit your application, we will provide you with the "Good Faith Estimate" of your costs. The closing costs spelled out in the Good Faith Estimate are estimated based on First Access Mortgage's experience with mortgage loans, but costs often change by small amounts between delivery of the GFE and closing. We review Good Faith Estimates with buyers almost every day, so we'd be glad to answer your questions about closing costs.

Below is a general list of costs for buying a home. We will always provide a specific list of your closing costs when we give you a Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Costs related to "originating" your loan
  • Points — lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

First Access Mortgage can help you understand closing costs. Give us a call: (985) 429-1770.

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