Every home sale involves fixed costs. Sellers and buyers almost always share these closing costs, as specified in the sales contract.
As you'll see below, many of the buyer's costs are related to the costs of getting the mortgage loan. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we are highly experienced in residential mortgage lending, so we can provide you with a comprehensive list of mortgage-related costs in your "Loan Estimate".
Buyers will receive a "Loan Estimate" of closing costs around the time the loan application is submitted to the lender. The closing cost estimate comes out of our past experience. Please note that while our LEs are very accurate, we can't always predict closing costs to the penny. We field buyers' questions about these costs every day at Riviera Funding NMLS#861382 CA DRE Broker #01186669, so don't hesitate to contact us if we can help answer your questions.
Below you'll find a fairly generic list of costs for buying a home. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.
Standard Closing Costs
Points — A fee paid to lower your interest rate (optional) Appraisal Fee Obtaining Your Credit Report Interest Payment Escrow Fees TaxesLoan-related costs
InsuranceRecording Fees & Transfer Taxes
Flood / Quake Insurance Private Mortgage Insurance (PMI) Title Insurance
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