Closing Costs for Home Real Estate Transactions

"Closing Costs" are the fees which pay for various services involved in the sale of a house. Buyers & sellers usually negotiate to determine who will pay different portions of these costs.

As indicated below, many of the buyer's costs are related to the costs of getting the mortgage loan. Since Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655 has extensive experience with mortgages & closings, we often explain the details of closing costs.

Loan Estimates (LEs)

Soon after you submit your application, we will give you a "Loan Estimate" of your closing costs. The closing costs spelled out in the Loan Estimate are estimated based on our experience with mortgage loans, but costs usually vary a little bit between delivery of the LE and closing. We will be glad to review the "Loan Estimate," answering your questions and highlighting costs that can change slightly at closing.

We've provided a general list of closing costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your loan application. At Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655, we don't believe in surprises, so if your costs change, we will be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Points — lower your interest rate (optional)
  • Appraisal Fee
  • Pulling Your Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan Origination Fee
Property Taxes
  • Transfer Taxes and Recording Fees
  • Insurance
Homeowners Insurance
  • Flood / Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

At Community Trust Lending Team at Norcom Mortgage-NMLS ID#71655, we answer questions about closing costs every day. Call us: (203) 526-9345.

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