Updated over 2 years ago on . Most recent reply
higher closing costs for a construction to perm loan

I m working on my first construction project. Current lender ( referred by builder) gave $12K cost in there disclosure estimates. I understand some costs - I can shop around but section A & B is almost $9K. This seems very high to me and want to check with the group on thoughts.
If you think of any efficient lender for const. loan in FL - please suggest
~$250 loan amount, single family, investment home
Most Popular Reply
Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
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This looks fine to me. There are a few junk fees but it's not going to be a deal breaker to go switch and start the process all over again with a new lender. Also this looks like an LE which they usually disclose higher fees.
Just make sure they can close this.
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