Closing Costs & Fees

This is one of the most asked questions by first time homebuyers. Lenders are required by law to disclose in writing known as a Good Faith Estimate your estimated closing costs and fees. Here's a brief summary of possible closing costs you might have to pay depending on the loan program you select.

Additional costs might apply depending on your state, your loan product and your down payment amount. For instance, title companies handle most closings; however there are some states that require an attorney to conduct the closing. In those states, borrowers are not required to pay a title company closing fee.