About Closing Costs

"Closing Costs" are the fees which cover the various services involved in the sale of a house. Buyers & sellers negotiate to determine who will pay different portions of these costs.

As you'll see below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since Custom Lending Group is highly experienced with closings and mortgages, we are closing cost experts.

Good Faith Estimates (GFEs)

Buyers will get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we cannot always estimate your costs to the penny. We explain 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 general list of closing costs. We will provide you with a specific list of your closing costs when we deliver your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Appraisal Fee
  • Getting Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Various Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your mortgage interest rate (optional)
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Title Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)

Custom Lending Group can help you understand closing costs. Give us a call: (707) 252-2700.

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