calculating closing costs

[Anonymous]

can someone help me read this im about to go into underwriting if im reading this right i only have to bring 200 dollars to close?

[Mortgage-Specialist]

Based o that document, yes, you only have to bring $200 to close. Typically this would not be final - but you should contact your lender to get better feed back.

[homeloanexpert]

I was looking over your Fee Sheet and it appears that you buying a home with $0 down payment, seller paid closing costs, and getting an great rate and not paying monthly PMI! How is that? If the lender can pull this off, Man I'll pull up stakes and switch companies!

[Anonymous]

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@homeloanexpert wrote:

I was looking over your Fee Sheet and it appears that you buying a home with $0 down payment, seller paid closing costs, and getting an great rate and not paying monthly PMI! How is that? If the lender can pull this off, Man I'll pull up stakes and switch companies!

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well we took a first time homer buyers course in september and finally got our certificate in february and were given a list of lenders who give special down payment assistance programs or money through our counties down payment assistance for anyone who took the course this lender works with people who took this course with this special program we were preapproved for

[JVille]

YES!!!! Based on this Closing Cost Sheet that is exactly what it looks like. I looked it over and I see no read flags at all. But just in case Review it with your LO to cover any questions.
My questions to you would be ...
1 - did you give the seller an Earnest Money Deposit ?
2 - did you give the Lender a check at application to cover Credit Report & Appraisal?

[Anonymous]

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@JVille wrote:
YES!!!! Based on this Closing Cost Sheet that is exactly what it looks like. I looked it over and I see no read flags at all. But just in case Review it with your LO to cover any questions.
My questions to you would be ...
1 - did you give the seller an Earnest Money Deposit ?
2 - did you give the Lender a check at application to cover Credit Report & Appraisal?

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yes the earnest money check was given about 10 days ago and the lender called me this morning and took my credit card to pay for the appraisal actually

[JVille]

You may actually get money back at closing. I do believe I see your EM $1000 listed as “Other” Credits.
Looks like a Fabulous Loan I too an wondering about the lack of PMI either upfront or as a monthly premium. This is obviously a some type of 1st Time Buyer Program. Congratulations!

[Newbie2018]

What is the name of the program and lender you chose throught them if you dont mind sharing. I want to see if we have something like that here in Houston, TX. Sounds like a win. Congrats by the way!

[Anonymous]

It's synovus mortgage and they have a special program for people who did the first time home buyers program in georgia dekalb County im sure you're state has a simular program

[Anonymous]

they make you sit through an 8 hour class and credit counseling/budget planning before they give you the certificate