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Updated over 5 years ago on . Most recent reply

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Florida Closing costs...Are they high for out of state investors?

Posted

Im looking to buy a home in Tampa FL and put an offer for a standard cookie cutter home in a non flood zone 2/1 SFR. I chose my lender months ago and feel like they are well versed in the game and close on almost 700 homes a year. Our porjected numbers for closing costs SHOULD have been around $3000 for a $115,000 house but the Lender gave us back a projection of $9000 for closing costs!!!!!!!! Are we going crazy? insight would be nice.

details:

We live in california and the home is Florida at$115,000

Its a conventional loan with 20% down at 4.125% interest

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Replied

@Jonathan Maldonado nope. Closing costs should be around 3k + prepaids. Without details, we can only speculate

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