What are the closing costs for? Jordan Brewer
Closing Costs cover all the man-power, time, paperwork, and legal costs required to actually close and service your loan. This is the current break down of our closing costs (not including points and interest):
• Title Fees (Minimum 1.00% of Purchase Price) ($1,000.00)
• Rehab Inspection Fee (4.00 @ $150.00) ($600.00)
• Relief Fund ($40.00)
• Document Prep Fee ($195.00)
• Processing Fee ($495.00)
• Servicing Fee ($295.00)
• Compliance Fee ($295.00)
• Single Purpose Entity ($1,600.00)
• Project Management Fee ($750.00)