Closing Costs

"Closing Costs" are the fees that cover various services involved in the sale of a home. Buyers & sellers almost always negotiate these closing costs.

As indicated below, many of the buyer's closing costs are related to the costs of getting the loan. Since Custom Lending Group has extensive experience with mortgages & closings, we can help you understand your closing costs.

Loan Estimate (Also known as the LE)

Soon after you submit your application, we'll provide you with the "Loan Estimate" of your costs. We base this closing cost estimate on our many years of past experience. It's important to note that while our LEs are very precise, we cannot always predict your closing costs to the penny. We handle buyers' questions about these costs every day at Custom Lending Group, so don't hesitate to contact us if we can help answer your questions.

Below you'll find a generic list of closing costs. We will provide you with a specific list of your closing costs when we provide your Loan Estimate.

Standard Closing Costs

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

At Custom Lending Group, we answer questions about closing costs every day. Call us: 7072522700.

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