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Mack McClung
  • Real Estate Investor
  • Athens, GA
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5
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Rehab Home Closing Costs

Mack McClung
  • Real Estate Investor
  • Athens, GA
Posted Jan 23 2018, 12:31

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.

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