Estimated Closing Costs
 
Companies who provide a service in connection with your loan have their own fees which, according to federal regulations issued by the Department of Housing and Urban Development (HUD), must be itemized. The list below will give you an idea of what these charges might consist of. The list is NOT intended to be a legal disclosure, which you'll receive by email when you apply for a loan with us.

HUD publishes a booklet called Settlement Costs, which explains these fees. You can view or download Settlement Costs (PDF format). You can also view or download the Consumer Handbook of Adjustable Rate Mortgages (PDF Format). Note:   Fees vary from state to state, certain fees may or may not pertain to your particular loan or state.


 

Franklin Credit Fees
These fees are determined by the type of loan you choose, and are paid to Franklin Mortgage.


Third Party Fees
These fees are for services rendered. We require the borrower to pay for the appraisal in advance, directly to the appraisal company.

HUD#  Franklin Mortgage & Third Party Fees
801 Loan Origination 0%  
802 Loan Discount  
803 Appraisal Fee  
804 Credit Report  
808 Underwriting  
809 Application Fee  
810 Document Preparation  
811 Processing Fee  
     
   
HUD#  Lender Prepaid Items
901 Interest from    to    per day  
903 Hazard Insurance Premium  
904 Flood Insurance Premium  
     
  Title Company or Attorney Fees
Franklin Mortgage seeks service providers who can provide the best service and rates. Since fees are determined by the company used, we cannot provide estimates at this time.
HUD# Title Company or Attorney Fees
1101 Closing Fee  
1102 Abstract or Title Search  
1103 Title Examination  
1107 Attorney Fee  
1108 Title Insurance  
1109 Lenders Coverage  
1110 Owners Coverage  
     
  Government fees
These fees are set by government
agencies and will apply for any type of loan you select.
HUD# Government Fees
1201 Recording Fees  
1202 City/County Tax/Stamps % (where applicable)  
1203 State tax/Stamps Deed %:
(where applicable)
 
1303 Tax Service Fee  



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