Application Fee:

Covers the cost of application and the appraisal (nonrefundable).

Attorney Fee:

Preparation of the paperwork by our closing attorney.

Completion Inspection Fee:

Fee charged if the bank has to return to the property after the appraiser has been there to re-inspect.

Flood Certification Fee:

Life of loan certification to monitor changes in flood maps.


A company which writes insurance that protects the mortgage lender against loss in the event of borrower default. Private mortgage insurance is required if the loan-to-value (LTV) ratio is more than 80%.

Municipal Lien Certificate:

Provides amount of real estate taxes that are owed on the property.


Origination fee; represents one percent of the mortgage amount.

Recording Fee:

Fee to record required documents such as the mortgage and deed.

Tape Survey:

Shows the meets and bounds of the property; how the foundation sits on the property; if the property conforms to local zoning laws; and if the property is located in a flood zone.

Tax Related Service Fee:

A one time fee for the purpose of monitoring real estate tax payments.

Title Fee:

Actual title search; insures that the title is free and clear of all encumbrances.

Title Insurance:

Protection against possible title defects that could result in claims against your property.


No required escrowing for Real Estate taxes and homeowners insurance means less money needed at loan closing for reserves.