VA closing cost chart: who can/will pay what?

 Fee/Expense

Borrower

Seller

4% Concession

1% origination fee

x

x

Discount Points-customary

x

x

Discount Points-to permanently buydown interest rate

x

x

x

Escrowed Funds for temporary buydown

x

x

x

Funding Fee

x

x

x

Appraisal

x

x

2nd Appraisal requested by Veteran for reconsideration of value

x

x

2nd Appraisal requested by lender for reconsideration of value

x

Recording Fees

x

x

Credit Report

x

x

Prepaid Taxes and Insurance

x

x

x

Prepaid Interest

x

x

Hazard / Flood Insurance

x

x

Flood Cert

x

x

Title Examination

x

x

Title Insurance

x

x

 Fee/Expense

Borrower

Seller

4% Concession

Termite Inspection

x

Mailing Fees – Refinance

x

MERS Fee

x

x

Loan closing or settlement fee

x

Doc Prep, UW, Processing/App Fees

x

Attorney services (other than title work)

x

Photographs

x

Interest rate lock-in fees

x

Postage, mailing, telephone calls

x

Amortization schedules

x

Escrow charges

x

Notary fees, trustee fees

x

Tax Service fee

x

Fee or commissions to buyer’s agent

x

Gifts from seller – Example: TV or microwave

x

x

Payoff of credit balances or judgments

x

x