17 Items Houston First time Home Buyers Can Expect To Pay at Closing
Congratulations! You did it! You just received final loan approval. Next up, closing disclosure, walk-thru and then closing. Your closing disclosure will list a lot of different items associated with purchasing your home. While some of these fees can be negotiated by either party at the time of the offer, some cannot. Here are 17 items the buyer typically need to pay.
Escrow fees.
Document preparation.
Recording charges for documents related to the transfer of title to the buyer.
Prorated share of taxes.
Credit report.
Appraisal.
Tax service fee.
Loan origination.
Reserves for taxes.
Flood certification.
Mortgage insurance premium.
Homeowner’s insurance.
Lender’s title insurance and endorsements.
Record warranty deed.
Homeowners association dues and fees.
Record deed of trust.
Courier fee.
Do keep in mind, once you receive your closing disclosure you can call and speak with, not only your Realtor, but also your loan officer, to get all your questions and concerns addressed. As always we thank you for stopping by. Until next time…Diana.
Image created by Diana for First Home Houston
