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What Are Closing Costs?

Closing costs can be confusing for new and experienced home buyers alike. To help avoid surprises, we’ll explain what some of the most common closing costs are and when you’ll need to pay them.

Understanding closing costs

How much are closing costs?

Who pays closing costs?

Did you know?

Eligible buyers can get up to $5,000 off closing costs if they qualify for our Lender Paid Assistance program.

A breakdown of closing costs

Everybody’s closing costs are different, but we’ve put together a list of the most common ones. It’s worth noting that you’ll also receive a list of your closing costs and fees as part of your Loan Estimate when you apply for a mortgage.

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