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Closing Costs


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Brian do you know of any lenders that wave closings costs for 1st time home buyers? I have a credit union here is Wisconsin, Landmark Credit Union that says they wave closing costs for 1st time home buyers! There is still a fee of $895 I believe but, I am just curious to know if this is something that the lenders that you work with also offer?

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I would read the fine print - no one works for free

of course $895 is not free - and is likely just their portion of the costs

 

The banks have no control over most of the costs associated with the transaction

there are appraisal fees - title fees - insurance - taxes etc

Somehow you have to pay

If they arent charging it upfront you are likely to see a higher rate and they cover the costs with that

 

Most people that are buying try to get the seller to pay the closing costs

It is negotiated at the time of your offer

 

B

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