Closing costs are a part of getting a home loan. These fees will be charged by both us and third parties, and most closing costs will be paid by the buyer when the loan closes, not by the seller. You can negotiate with the seller to pay a portion of your closing cost. The percentage of the closing cost they are allowed to pay varies based on program and loan to value.
After applying for a loan, we will provide you with a loan estimate within 3 business days after application, along with a closing disclosure containing loan or transaction information received a minimum of 3 business days before closing.
Closing costs will depend on the home in Florida, loan type, and area, but common fees include:
Some fees are charged by us, but many will be charged by a third party.
This appraisal determines the market value of your home, and we will require the appraisal before approving your loan amount.
This fee is charged so we can review your credit report. The fee will be charged by the credit bureau.
The title company in Florida will charge a closing fee for the transaction.
This fee will be charged by the title company to search property records, including prior deeds, court records and property indexes to make sure the title is clear.
If necessary, this fee will be charged to verify boundary lines.
We in Florida will require a Lender's Policy, which protects them by ensuring the mortgage is a valid lien on the home.
Mortgage Investors Group, based in Tennessee, offers residential financing in a number of states in the southeast, See MIG Service Areas. Terms and conditions to apply to home financing. We want to share with you the loan terms vary based on several characteristics and your financial profile. These include but are not limited to loan program, loan purpose, occupancy, credit history, credit score, assets, and other criteria per loan type. The repayment terms and interest rate may vary from time to time. The terms represented here are based on certain assumptions outlined below and/or noted on the loan outline page. Additional details concerning privacy, program disclosures, licensing specifics may be found at migonline.com Legal Information.MIG Loan Officers will help gather the information needed for an individual assessment to provide home financing which matches the loan characteristics with your home financing needs based on your financial profile, when you are ready to begin a full loan application. For estimates and general information before that step, the basis for which the mortgage financing information are as follows:
An MIG Loan Officer is available to help with your financial details to determine which characteristics apply to your situation for a personalized look into which loan program best fits your home financing needs. Please use the Find a Loan Officer link or reach out to Mortgage Investors Group at 800-489-8910. Equal Housing Lender 1.2020