What are Closing Costs?

Full Access Mortgage, Inc. (NMLS 1049472) can help you understand closing costs. Call us: (402) 502-9037.

Certain standard costs are related to closing the sale of a home. Buyers customarily pay these closing costs, as specified in the real estate sales contract, however, depending on State law the seller may be required to pay some of the closing costs. "Closing Costs" are the fees that cover various services involved when you sell or buy a home. These fees are either paid directly or indirectly by crediting the loan.

As indicated below, many of the buyer's closing costs are related to the costs of originating the loan. At Full Access Mortgage, Inc. (NMLS 1049472), we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive report on costs related to your mortgage in your estimate.

The Loan Estimate

Within three days after you submit your application, we'll provide you with a Loan Estimate. The Loan Estimate provides you with information like estimated interest rates, payments and fees, closing costs and more. Getting an estimate doesn't mean you've been approved, rather it's the first step toward getting your loan.

We answer questions about these costs every day at Full Access Mortgage, Inc. (NMLS 1049472), so please feel free to contact us if we can help answer your questions.

Below is a generic list of costs for buying residential real estate. We will provide you with a specific list of your closing costs when we deliver your estimate.

Standard Closing Costs

Loan-Related Costs
  • Up-front Interest Payment
  • Escrow Fees
  • Loan-related costs
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Costs
  • Getting YourCredit Report
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
Are you looking for a mortgage loan? We can assist you! Give us a call today at (402) 502-9037. Want to get started? Apply Now.