Closing Costs in Trinity, VA | Mortgage Investors Group

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Closing Costs in Trinity, VA


 

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.

Third Party Closing Costs Trinity, VA

Common Closing Costs in Trinity, VA

Closing costs will depend on the home in Trinity, VA, loan type, and area, but common fees include:


 
  • Loan origination fee
  • Credit report fee
  • Home inspection fee
  • Appraisal fee
  • Survey Fee
  • Pest inspection fee
  • Underwriting fee to evaluate your application
  • Recording fee to the city or county
  • Escrow deposit to pay some property taxes and mortgage insurance
  • Title insurance for the lender's protection
  • Discount points
Common Closing Costs Trinity, VA

Common Third-Party Closing Costs in Trinity, VA

Some fees are charged by us, but many will be charged by a third party.
 


 
Home Appraisal Fee in Trinity, VA

Home Appraisal Fee in Trinity, VA

This appraisal determines the market value of your home, and we will require the appraisal before approving your loan amount.

Credit Report Fee

Credit Report Fee

This fee is charged so we can review your credit report. The fee will be charged by the credit bureau.

 
Closing Fee

Closing Fee

The title company in Trinity, VA will charge a closing fee for the transaction.

Title Search Fee

Title Search Fee

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.

 
Survey Fee in Trinity, VA

Survey Fee in Trinity, VA

If necessary, this fee will be charged to verify boundary lines.

Title Insurance

Title Insurance

We in Trinity, VA will require a Lender's Policy, which protects them by ensuring the mortgage is a valid lien on the home.

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