Lender Closing Fees In Southern California

There are many different types of expenses associated with purchasing real estate. These are commonly referred to as closing costs, but there are actually varying types of fees that fall into that classification. This article covers a list of lender closing fees in Southern California.

Lender Closing Fees


Points are a way for buyers to secure a discounted interest rate. It involves buying down the rate to lower recurring payments for the life of the loan. This option may be important for buyers who require a lower payment to qualify.

Origination Fee

Origination charges are set by individual lenders. It usually covers the cost to process financing for a buyer.

Appraisal Fee

An appraisal is mandated by a mortgage company but performed by a third party. Appraisals confirm the value of the real estate and its condition. A mortgage will not be given approval without a satisfactory appraisal

Property Tax Services

Real estate taxes may be included in your monthly mortgage payment. The mortgage company collects the funds from homeowners with each mortgage payment and places those funds into an escrow account. When the tax payment is payable, payment is made from the escrow account. Many lenders will require a one-time fee for this service.

Flood Certification

Properties situated within a flood zone must have flood insurance. Mortgage companies order a flood certificate to determine the status of a property. Flood certificates are always the financial responsibility of the home owner.

Credit Report

Credit reports are used to evaluate credit standing and applicable rates. There is a cost for retrieving credit ratings from the 3 major credit bureaus. Mortgage companies will generally pass on this charge to the borrower.

Additional Lender Closing Fees in Southern California

The lender closing fees provided in this blog are only the most common of the charges that can be imposed by your mortgage company. For a detailed list of possible fees that you may incur, or for help with other home buying or financing topics, contact Matthew Rapoport at Homes Inc. by calling (213) 334-4141 or emailing [email protected]