Estimated VA closing costs for buyers -buyers getting a VA loan

BUYER’S CHARGES (buyer getting a VA loan)

1. Purchase Price
2. Mortgage Title Policy
3. Miscellaneous Title Endorsements as Required by the New Lender (see title commitment)
4. Recording Fees
5.. Tax Certificate
6. Doc Fee (.01 cent per $100 of sales price)
7. Insurance Reserve Account*
8. Tax Reserve Account
9. VA Funding Fee*
10. Loan Origination Fee*
11. Discount Points*
12. Premium for Hazard Insurance
13. Survey*
14. Credit Report*
15. Appraisal Fee*
16. Interest on New Loan*
17. Miscellaneous Loan Fees per New Lender*
18. Express Mail Fees (if applicable) *

*Amounts Determined by the New Lender Note: Seller can pay all closing costs and pre-paids for the buyer if agreed to all parties in the sales contract.

Comments

Post a Comment

Popular posts from this blog

12M Consumers May Get Credit-Score Boost Soon

Image
The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to half of tax lien data on a credit report is inaccurate or incomplete. Civil judgments—which means a court has ruled a person owes money—also tend to be ripe with errors or omissions on a credit report, experts say. Consumers can dispute the errors, but the process can be cumbersome. Beginning July 1, Equifax, Experian, and TransUnion will automatically exclude tax lien and civil judgment records from credit reports if they are missing a person’s name, address, Social Security number, or date of birth. Claims that do contain this key information, however, will remain on credit reports. Six percent of Americans with a credit score—or 12 million— likely...
Read more

Silicon Valley house on the market for only $800K!!! What in the world?

Image
Eight hundred thousand dollars is certainly not an unheard of price in the world of residential real estate, as prices shoot up in hot markets such as New York, the District of Columbia, and the San Francisco Bay area. But what that amount buys in San Jose, a main node of Silicon Valley and its soaring estate prices, drew a second look: a debilitated, burned shell of a home on a small overgrown lot of the type your parents might have warned you to stay away from. The median home value in San Jose is $1,078,300. That's up 23.9% over the past year, and is predicted to rise 8.4% over 2018. The fact that severe fire damage only bumped that average down to $800,000 says a lot about the area's market, where available housing is sparse and residents prioritize proximity to their employment. PS: I just checked about an hour ago, so by the time you read this article know that the house is already under contract. I guess Metro Denver and Centennial prices are not that high after a...
Read more

How would Amazon HQ2 affect rent in Denver?

Image
With Denver on the short list for Amazon.com Inc.'s second headquarters, concerns are being raised about the impact of a $5 billion, 50,000-worker campus in an area that is struggling with housing affordability. Rental costs are on the rise, and a study today from Apartment List shows that Amazon HQ2 would increase those costs an additional 0.8 percent to 1.1 percent per year with the Amazon HQ2. That percent range translates to between $7,751 and $11,452 for a typical Denver renter household over a ten year period. To clarify, the 0.8 percent to 1.1 percent increase in rent is in addition to the baseline rent growth Denver has experienced without HQ2, which according to Apartment List averaged 4.8 percent per year from 2005 to 2015. With low inventory on both homes and rental vacancies, a new headquarters could strain housing further. Most impacted by these increases would be lower wage workers, many of whom would be needed to support Amazon HQ2. However, Denver would not be...
Read more

A Moving Guide: All moving companies are not created equal!

Image
To help alleviate the stress of moving, Reviews.com is offering a moving guide that incorporates 500 recent customer surveys and quotes from 20 moving companies. They looked for companies that can accommodate travel anywhere in the country, have helpful FAQ sections on their websites, a “painless” quote process (which typically takes about 10 minutes), and a readily available claims department. “Moving is a pain, and even if you hire the best moving company, it’s no guarantee that it will be any less so,” Reviews.com notes in its guide. “But a great service will be friendly and efficient online, on the phone, and in person—and if it has a good track record of getting from point A to point B without a mishap, all the better.” Reviews.com picked the following top moving companies: Atlas Van Lines Bekins Moving and Storage United Mayflower Source: “The Best Moving Companies,” Reviews.com (2017)
Read more