Closing costs will vary by loan product, loan amount and state. The below fees represent a rough estimate of what you may expect to pay at closing. Please note, all fees are subject to change.

Fix and Flip and Ground Up

Fees paid to New Silver:
Origination: 1.875 – 3%, with a $3,500 minimum
Underwriting: $750
Document Preparation: $350
Legal: $1,250

Title and Insurance Review - $500
Prepaid Interest: Amount will vary

You should also expect to pay the following title related charges: Title Insurance; title or attorney closing fees; recording fees; applicable town, state, and/or transfer taxes.

Rent

Fees paid to New Silver:
Origination: 2 - 3%, with a $3,500 minimum
Underwriting: $750

You should expect to pay the following lender related charges: Processing fee; closing fee; prepaid interest, taxes, and insurance; escrow reserves.
You should also expect to pay the following title related charges: Title Insurance; title or attorney closing fees; recording fees; applicable town, state, and/or transfer taxes.