Understanding Closing Costs – Trident Home Loans, Gulf Breeze, FL

Closing Costs

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

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

Loan Origination Fee
Points (optional)
Appraisal Fee
Credit Report
Interest Payment
Escrow Account

Taxes

Property Taxes
Transfer Taxes and Recording Fees

Insurance

Homeowners Insurance
Flood or Quake Insurance
Private Mortgage Insurance (PMI)
Title Insurance

MMW Holdings, LLC d/b/a Trident Home Loans is a HUD Approved Equal Opportunity FHA Lender, and is licensed by: the Florida Office of Financial Regulations as a correspondent mortgage lender, #CL0800130; the Georgia Department of Banking and Finance as a mortgage lender, #23097; the Louisiana Office of Financial Institutions as a mortgage lender, #LA-C-01326; the Mississippi Dept. of Banking and Consumer Finance as a mortgage company lender, #570/2008; and the Washington Department of Financial Institutions as a mortgage broker, #510-MB-50258.

Trident Home Loans is not responsible for any typographical errors or omissions.