About Closing Costs

There are certain standard costs associated with closing the sale of a home. Sellers and buyers usually share these costs, as the sales contract specifies.

As you'll see below, many of the closing costs result from getting your mortgage loan. Since Riviera Funding NMLS#861382 CA DRE Broker #01186669 is highly experienced with closings and mortgages, we are closing cost experts.

The Loan Estimate (Also known as the LE)

Soon after you submit your application, we will give you the "Loan Estimate" of your costs. We base this cost estimate on our many years of past experience. It's important to note that while our LEs are very accurate, we cannot always predict your costs to the penny. We handle questions about these costs every day at Riviera Funding NMLS#861382 CA DRE Broker #01186669, so please be sure to ask if we can help answer your questions.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, soon after you have completed your application. At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Fee
  • Obtaining Your Credit Report
  • Up-front Interest Payment
  • Escrow Fees
  • Taxes
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance
  • Flood / Quake Insurance

At Riviera Funding NMLS#861382 CA DRE Broker #01186669, we answer questions about closing costs every day. Call us at 3103737406.

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Riviera Funding NMLS#861382 CA DRE Broker #01186669

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1801 S. Catalina Avenue Suite #205
Redondo Beach, CA 90277