Texas has the nation’s second-highest mortgage closing costs
When it comes to mortgage closing costs, Texas has the nation’s second-highest amount at an average of $4,944, according to a new survey from Bankrate.com.
This number was based on the amount needed to close the sale of a $250,000 house with a $200,000 mortgage.
Why the increase? According to Bankrate.com, it’s because of stricter mortgage regulations that the government has implemented in the last two years.
Mortgage closing costs include fees charged by those involved in the home-buying process, such as lenders, appraisers and title companies.
Bankrate found that the highest closing costs are in New York with $6,138. The lowest are in Arkansas at $3,378.
Click here to read the full report from Star-Telegram
You may find the our free closing cost calculator widget at the bottom of the iAssistRealty.com page.
Click Here for Free Home’s Market Value in Your Area and if you are planning to Buy a Home please Call Sean Abri at 281-380-0438 or visit www.iAssistRealty.com . We Serve the needs of home buyers and home sellers in Houston, Texas. we Do appreciate your referrals and we treat them the way that makes you proud.
If you enjoyed this post, please consider sharing it with others.
Saved
