A lender will need specific information to determine your loan amount. This is crucial to knowing your price range and having a successful home purchase as well as letting sellers know that you are serious buyers.
Closing Costs
Gaining an understanding who pays for what closing costs will ensure that there are no surprises.
Typical Seller Fees Real Estate Commission Prorated property taxes Prorated homeowners association fees Attorney fee for deed preparation Any recording fees to satisfy the deed of trust Attorney fees, including faxes, copies, and courier to pay off the mortgage State revenue stamps Home warranty (negotiable)
Typical Buyer Fees Prorated property taxes Prorated homeowners association fees Fees associated with getting the loan, including origination Appraisal Attorney fee for closing Title insurance Recording fees for deed and deed of trust Survey (optional) Home inspection
Current interest rates as of 5/31/2019
30-year Fixed Rate: 4.000% 15-year Fixed Rate: 3.625% FHA and VA 30-year Fixed: 4.000% Rural Development 30-year: 4.125%
Recent rates received from River Wood Bank. For more information, you can reach out to this bank at (218)751-8610. Rates may vary based on many factors, such as credit score. Use these rates as a guide, but know that they are not guaranteed.
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