Closing Costs

Every home sale involves fixed costs. Sellers and buyers almost always share these costs, as specified in the real estate sales contract.

As indicated below, many of the buyer's closing costs cover the costs of getting the mortgage loan. Since Valley Savers Mortgage, LLC has extensive experience with closings and mortgages, we are closing cost experts.

The Good Faith Estimate (GFE)

Soon after you apply for a loan, we'll provide you with a "Good Faith Estimate" of your closing costs. The closing cost estimate is based on our past experience. It's important to note that while our GFEs are very precise, we can't always estimate your closing costs to the penny. We field questions about closing costs every day at Valley Savers Mortgage, LLC, so please be sure to ask if we can help answer your questions.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, soon after you complete your application. At Valley Savers Mortgage, LLC, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Costs related to "originating" your loan
  • Points — These are costs you pay up-front to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Getting Your Credit Report
  • Interest Payment
  • Escrow Fees
  • Various Taxes
Property Taxes
  • Recording Fees & Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

At Valley Savers Mortgage, LLC, we answer questions about closing costs every day. Give us a call: (602) 332-9544.

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