l Administration fee l Appraisal fee l Appraisal review fee l Closing/escrow/settlement fee l Courier fee l Credit Report l Document preparation l Flood certification fee: Verifies if property is in a federally designated flood zone. l Flood monitoring: Monitors flood zone remapping. l Home inspection
Home warranty l Homeowner’s association transfer fee l Homeowner’s insurance: Usually required to pay the entire first year’s insurance at closing. l Homeowners insurance impounds: Two months’ worth of premiums. l Lender’s Inspection fee: On new property, verifies construction is complete with carpeting and flooring installed. l Loan discount: “Points.” l Loan Origination Fee l Loan tie-in fee: Closing agent’s services dealing with the lender. l Mortgage broker fee l Mortgage insurance impounds l Mortgage insurance l Notary fees l Pest inspection l Pre-paid interest: Accumulated interest between closing day and first payment. l Property tax impounds l Recording fees l Sub-escrow fee: Title insurance company charges this. l Tax service fee: Monitors payment of property tax. l Title insurance: For clear title to the property. l Underwriting fee l Up front mortgage insurance premium l VA funding fee: Paid to the VA for guaranteeing your loan. l Warehousing fee: The cost of a “warehouse” line of credit. l Wire transfer fee: Funds transfer from one account to another.