Closing cost

[Ryan Boren]

Hey everyone, Finally, one of my offers was accepted and I planned on owning my first rental property. As I was going to sign the e-documents the banker who we are using advised the closing cost will be 4500 plus 1300 escrow fee and a 450 application fee. Does anyone know of a more reasonable bank offering reasonable closing cost that will offer loans for homes under 40,000 as the house sold for 33,000 but has an ARV of 70,000?