Closing Costs

There are certain standard costs associated with closing the purchase of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

Good Faith Estimate

Borrowers receive a "Good Faith Estimate" of closing costs within three days from the date of application. The estimate is based on past experience and may not include all the closing costs. 1st Mortgages will review the "Good Faith Estimate," answering questions and note potential costs which may not be reflected.