| Name |
Description |
Cost |
| Appraisal Fee |
Cost for obtaining a formal appraisal report for your property |
$300 - $1,000 depending on property value |
| Underwriting/Processing Fee |
Fee charged by the lender to review and process your application |
$300 - $600 |
| Application Fee |
Fee charged by Universal Mortgage at the time of application |
$395 |
| Settlement/Closing Agent Fee |
Fee charged by the bank attorney or closing agent to fund and close your loan |
$500 - $800 |
| Lien Search Fee |
Fee for running a search to determine if there are liens on the property |
$250 - $350 |
| UCC-1 Filing Fee |
Fee for filing your mortgage with the county |
$70 -$100 |
| Mansion Tax (only applies for properties sold for over $1 million and only in certain states) |
State tax for properties sold over $1 million |
1% of purchase price |
