About Closing Costs
Certain standard costs are associated with closing the sale of a home. Sellers and buyers usually split these closing costs, as specified in the real estate sales contract.
As indicated below, many of the buyer's costs are related to the costs of getting the loan. At Hancock Mortgage Partners, LLC NMLS# 229844, we have extensive experience in residential mortgage lending, so we can provide you with a comprehensive list of closing costs related to your mortgage in your "Good Faith Estimate".
Good Faith Estimates (GFEs)
Soon after you submit your application, we will provide you with a "Good Faith Estimate" of your costs. This cost estimate is based on the loan officer's past experience. Please note that while our GFEs are very accurate, we cannot always estimate costs to the penny. We field questions about closing costs every day at Hancock Mortgage Partners, LLC NMLS# 229844, so please feel free to ask if we can help answer your questions.
Below is a fairly generic list of closing costs. We will provide a specific list of your closing costs when we provide your Good Faith Estimate.
Standard Closing Costs
- Interest Payment
- Escrow Fees
- Loan Origination Fee
- Points — lower your interest rate (optional)
- Appraisal Fee
- Credit Report
- Recording Fees & Transfer Taxes
- Flood or Earthquake Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
Hancock Mortgage Partners, LLC NMLS# 229844 can answer questions about these closing costs. Call us: 225 819 7670.