Closing costs can often be a source of confusion for many homebuyers. At The OC Mortgage Dude, we believe in complete transparency. Here's what you need to know about closing costs with us:
General Closing Costs: Closing costs are specific to each transaction and typically range from 1.5% to 2.5% of the loan amount.
Out-of-Pocket Expenses: The only out-of-pocket expenses you can expect are for appraisals and home inspections. These typically range from $500 to $750 each.
Loan Estimate: After submitting a completed application, you will receive a written loan estimate within 3 business days, detailing all the costs associated with your loan so you can make the most informed decision