Rehab Home Closing Costs

[Mack McClung]

I am closing on a rehab property today and was just skimming the HUD statement. I am doing a loan with a local bank. Closing costs are around 2.5% of the loan. $2290 of a $88,000 loan. Does this seem in line to you all?? Just checking to make sure I am within market. Basically all the costs are for the appraisal, Attorney, and all the title BS which seems kinda high to me.

[Brett K.]

Mack,

That doesn't sound high assuming you financed it.