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Wher Does Your State Rank on Closing Costs

By
Real Estate Broker/Owner with Fred Pickard Innovations Realty Inc

Bank Rate Monitor which studies the lending industry recently published a study of closing costs on a state by state basis. To conduct the research, they picked a zip code in the most populous city in the state and asked for a good faith estimate of origination fees, title and settlement fees charged by 3rd parties and prepaids. They obtained between 6 and 9 estimates for each city.

The most expensive state was New York and the least expensive was Indiana.

The complete study and state by state analysis is at BankRate, then click under Specials on the left column

Shawn Gerhardson
Waterstone Mortgage NMLS#186434 - Cambridge, MN
Top Rated Mortgage Professional
Interesting to see what other people are charging.
Jul 20, 2007 05:53 AM