loan closing cost expectations

[Shane Klackner]

BP!

Working on my first duplex deal.  I am shopping around for conventional loans and am curious what I should expect as far as closing costs.  What is typical in Colorado?  Is there a basic percentage I can work off of?  For example on a 300 or 350k income property.  Any guidance helps at this point!

[Tom S.]

I typically use 1% when I'm figuring out my numbers, or 1.25 to be safe.  The fees are more to do with what Stephanie said, not the state so much. Also, the type of loan you are getting plays a big role. Try out Colorado State Bank and Trust, I've used them a few times and have had good luck. Easy to work with.