TOTAL Loan Costs (total 800 series on HUD-1 or GFE)*
These are all of the fees that we, or any lender, has control over. |
Due Before Closing:
$305 Application Fee - Due when you apply.
$125 to $250 Appraisal Fee - Due to Appraiser (actual cost depends on credit rating, # of units of home, geographic location, & equity/CLTV). You also may suggest your own licensed appraiser if you have the ability of obtaining a better price! Application fees are transferable to another qualified PA property for 24 months if borrower does not close on subject property. |
Due At Closing:
$795 Maximum Total Lender Fees
SIMPLE AND GUARANTEED
Plus, any optional points you elect to have to receive a lower rate.
Fees have not changed in 12 years. |
Not included: Third party costs that will NOT vary from lender to lender such as Property and
Transfer Taxes, Realty Agent Fees you may have agreed to pay, Home Inspection Fees,
escrows,
pre-paids, and
Title Company Fees.
Definition of Lender Fees All of the 800 series on the GFE (commitment fee, credit report, funding fee, tax service fee, etc).
Pennsylvania Title Insurance Calculator: Out of state lenders may underestimate these fees, as each state varies.
Regardless of the estimate on a GFE, you will be charged the rate below at closing
per PA Insurance law.
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