
The no closing cost program is an expense reimbursement program. You will pay for the appraisal and title work and all of the other closing costs and when your loan closes with us we will reimburse you up to $10,000 to cover costs associated with the loan. The costs that we reimburse for are title work, appraisal, environmental, settlement fees and any other loan closing fees up to $10,000. In order to qualify, the loan must be a minimum of $1mm and can not be a Short Term Loan. If the loan is not $1mm or is a Short Term Loan then we do not reimburse for the closing costs but you can still get a great zero point loan from us.
Why don’t we just pay for the appraisal and other loan fees up front, why is this a reimbursement program? Because you are free to walk away from the loan process at any time but you must still pay any third party vendors that you have contracted to work on your loan.
|
|