What are Closing Costs?

Shopping for a mortgage loan? We can assist you! Call us at (956) 622-4307. Ready to begin? Apply Here.

"Closing Costs" are the fees which pay for various services involved when you sell or buy residential real estate. Buyers and sellers often negotiate these closing costs.

As indicated below, many of the buyer's costs cover the costs of getting the loan. Since Reliant Mortgage Services has extensive experience with mortgages & closings, we can help you understand your closing costs.

Good Faith Estimates (GFEs)

Very soon after you submit your application, we'll give you the "Good Faith Estimate" of your closing costs. We base this cost estimate on our extensive past experience. Please note that while our GFEs are very accurate, we cannot always estimate your closing costs to the penny. We go over Good Faith Estimates with buyers almost every day, so we will be happy to answer your questions about closing costs.

We've provided a general list of these costs below, but we'll provide you a specific list of closing costs, with amounts, very soon after you complete your application. At Reliant Mortgage Services, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Escrow Account
  • Taxes
  • Costs related to "originating" your loan
  • Points — A fee paid to lower your mortgage interest rate (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
Property Taxes
  • Recording Fees and Transfer Taxes
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood or Quake Insurance if applicable
  • Private Mortgage Insurance (PMI)
Reliant Mortgage Services can help you understand closing costs. Give us a call at (956) 622-4307.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question
By checking the box, you agree that Reliant Mortgage Services may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.

English French German Portuguese Spanish