Can a hard money lender give a good faith estimate

Member since 2019 · 2 posts · 0 votes

I read about a Good Faith Estimate which estimates closing costs . They say it is given by a lender. I was wondering if a Hard money lender could give you one .

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Frank Geiger
Rental Property Investor · NC · Member since 2018 · 776 posts · 776 votes
6y
Yes, most probably give you an expense breakdown. At least the national ones will. They should also give you an estimate for cash to close.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
6y
they can give you estimates if you ask. but they are not required to or if the numbers are different at closings its not a penalty to them like owner occ loans.
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