What are the fees associated with closing a loan?

We do not charge any fees upfront to begin underwriting a loan request. After a final loan approval is given (final loan approval is only granted after a term sheet has been issued and all of the requested items on the needs list have been received) then a retainer will be requested to draft loan documents. The borrower is responsible for paying for the appraisal, standard title/escrow and notary fees, legal fees, and a Phase I environmental report (if needed).

By |2018-05-16T17:24:07+00:00April 3rd, 2018|
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