Closing Costs

Third Party Closing Costs

We strive to maintain the lowest rates and closing costs available in the market. Naturally there is the cost of doing business, hence third party fees stated on all initial disclosures signed by the borrower. Simply stated, our costs are your costs.  Please call and confirm closing costs upon application;  there is only  a 10% variance tolerated and allowed at closing on the settlement statement provided to the end lender.  Any overage of 10% is cured by the lender or broker on the day of settlement depending on the compensation plan (Lender Paid or Borrower Paid) selected by the borrower at the time of application.

 

Estimate of Third Party Fees:

Lender Underwriting Fee (Varies based on investor): $649.00 to $899.00

All Inclusive Title Charges:

Colorado $675.00- $1225.00 (Depending on Policy Amount)

Mortgage Recording Fee: $54.00 to $126.00

HVCC Appraisal Fee: $425.00 to $625.00

Please note on HVCC Appraisal Fee: This is always paid upfront to third party vendor with the borrowers’ credit card.  Investment properties will be charged at a higher cost per lenders’ requirements for the appraisal.  Lender chooses appraiser thru Appraisal Management Company (AMC).  We do not select appraiser or ever speak to actual appraiser. The actual cost of appraisal is determined by the Appraisal Management Company (AMC) at the time of services rendered.  All appraisal fees quoted on the Loan Estimate (LE) is an estimated cost; the actual fee will be on appraisal invoice  provided by Appraisal Management Company (AMC) and is not associated or affiliated with Fox Valley Mutual Mortgage whatsoever.

 

Closing Cost Guarantee: Should your actual closing costs be OVER the amount quoted on this website or listed on your initial Loan Estimate (LE) and Closing Disclosure (CD), we or the lender will credit you the difference at closing;  the total cost  may never exceed 10% quoted on initial Good Faith Estimate and Fees Worksheet.

Closing costs are not including prepaid expenses such as taxes, insurance, interim interest, hazard insurance or mortgage insurance or any association fees or reserves collected at the time of settlement.  Closing costs or the cost of doing business implies all third party fees paid to the lender, title company, and appraisal management company for services provided and collected for at closing.