Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

Account Closed
  • Investor
  • Wallingford, CT
12
Votes |
17
Posts

Costs of conventional mortgage

Account Closed
  • Investor
  • Wallingford, CT
Posted
Hello, I am currently purchasing a SFR in the state of connecticut and as I was looking over the loan, some of the fees looked a little high. The loan will be a second mortgage for me and owner occupant. The lender will also be including roughly 75k of rehab in a total of 210k loan amount with a 4.9% rate. Origination Charge is 2023 Appraisal is 550 Credit Report 65 Flood Certification 16 Inspection Fees (draws) total 600 Title Search 200 Lenders Title Insurance 900 Settlement Fee 850 Title Update Fee 225 Any insight as to what is out of line if anything would be greatly appreciated, I am new to these loan amounts. Thanks!

Most Popular Reply

User Stats

1,071
Posts
268
Votes
Melissa Gittens
  • Real Estate Broker
  • Windsor, CT
268
Votes |
1,071
Posts
Melissa Gittens
  • Real Estate Broker
  • Windsor, CT
Replied

@Rick SantasiereThere are two kinds of rehab up to 35K which is a streamlined rehab loan and then anything above 35k would be considered a FULL rehab they can loan up 500K in repairs depending on the lender and loan product 

Loading replies...