Closing Costs

"Closing Costs" are the fees which pay for various services involved when you sell or buy a home. Sellers and buyers often negotiate the payment of these closing costs.

Many of the costs associated with buying a home are associated with getting a mortgage. At Strategic Home Loans, Inc., we are highly experienced in mortgage lending, so we can provide you with a comprehensive report on mortgage-related costs in your "Good Faith Estimate".

Good Faith Estimates (GFEs)

Buyers will receive a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. We base this closing cost estimate on our extensive past experience. It's important to note that while our GFEs are very precise, we cannot always predict closing costs to the penny. We handle buyers' questions about these costs every day at Strategic Home Loans, Inc., so don't hesitate to contact us if you have questions.

Below you'll find a generic list of costs for buying a home. We will provide a specific list of your closing costs when we provide your Good Faith Estimate.

Standard Closing Costs

Loan-Related Costs
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Credit Report
  • Interest Payment
  • Escrow Account
  • Taxes
  • Loan-related costs
Property Taxes
  • Insurance
  • Transfer Taxes and Recording Fees
Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

Strategic Home Loans, Inc. can help you understand closing costs. Give us a call at (805) 496-7500.