USDA Direct Loan closing costs.

[Anonymous]

I read that USDA direct loans (not the guaranteed) have no origination fees. Can someone verify this with me? Also, are the overall closing costs a lot lower compared to other loans?

We were approved for our loan, submitted an offer, and they've accepted. Apart from the earnest money we've already paid and the inspection, I was just trying to get an idea of what I may need to bring at closing. I do know you can finance the closing costs with your mortgage, but I would like to prepare in case that is not an option for us.

Thanks!

[Anonymous]

My closing costs were around $3500

appraisal fee $425

Tax service to USDA $125

Escrow set up $1200

Homeowners insurance $350

Settlement fee to lawyer (inc title ins) $750

Goverment recording charge $70

Survey $300

County Taxes for rest of year XX

also

Home Inspection

Pest-Termite Inspection $65