How much are closing costs?
Zero. Our goal is to offer land for sale at prices that are affordable to all and one of the ways we accomplish this is by not charging you any closing costs (transfer tax, recording fees, commissions, document preparation costs, etc.). We apply 100% of your down payment toward the purchase price.
• Closing costs are determined by the loan program being used. Some loan programs are more costly than others and are mostly based on credit scores. What is all included in my mortgage payment? • Depending on what type of loan program is done, your payment usually is principle and interest. Most lending institutions will also allow you to include your taxes and insurance (escrow) into your payment. Whether or not a borrower should escrow should be discussed with your loan officer.
