These are the fees and costs for services and actions completed during the processing and closing of your loan. Some are paid when the action happens, such as an inspection or appraisal. Others are paid at closing and are included on your settlement statement. Typically, homebuyers will pay between about 2 and 5 percent of the purchase price of their home in closing costs. So, if your home is $150,000, you might pay between $3,000 and $7,500 in closing costs.
Let’s take a look at some of the closing costs you may see:
Loan programs may change at any time with or without notice. Information deemed reliable but not guaranteed. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Housing Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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