Question Details

Krista Sands, Real Estate Pro in Gastonia, NC

Are you still seeing about 3% closing cost fees on conventional loans or has it gone up?

Asked by Krista Sands, Gastonia, NC Wed May 9, 2012

Help the community by answering this question:

Answers

1
That depends entirely on the price of the property you're buying. 3% on $50k is only $1,500 whereas 3% on 300k is $9,000.

It may be better to ask what the typical costs others are seeing on their real estate transactions. Lender fees are pretty much the same wherever someone is, the only thing that really changes from state to state is title/settlement related costs (those are usually known), attorney fees (if applicable), survey (if applicable) and transfer taxes/stamps that my be applicable in that town/county/state.
Web Reference: http://RobWeber.com
1 vote Thank Flag Link Wed May 9, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer