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Updated almost 8 years ago,

Terry Hughes's profile image
Terry Hughes's profile image
Terry Hughes
  • Real Estate Investor
  • from Katy, Texas
  • Member since Jan 16, 2017
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User Stats

24
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1
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Terry Hughes's profile image
Terry Hughes's profile image
Terry Hughes
  • Real Estate Investor
  • from Katy, Texas
  • Member since Jan 16, 2017
Connect
Terry Hughes
  • Real Estate Investor
  • Katy, TX
1
Votes |
24
Posts
Private Lending & Conventional Mortgage Advice

Is this typical for financing in Texas?

Terry Hughes
  • Real Estate Investor
  • Katy, TX
Posted

Hi. Just got my first deal under contract and will be closing shortly. Buying deal all cash with delayed financing. Conventional loan is about 105k based on 70% of the ARV, with 4.85% on a 30 year note. Question I have is, the closing cost for this seem quite high (nearly 5k). Is this pretty typical? Thanks

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