Alabama Closing Costs

If you are planning to buy a house in Alabama, you’ve already heard about closing costs a number of times. Closing costs are the sum amount that your mortgage lender incurs when administering the loan to you. In Alabama, some specific items to expect on your closing costs include origination fees, processing fees, appraisal fees, survey fees, mortgage tax and closing attorney fees.

On average, closing costs in Alabama amount to an average of 2.5% of the total loan amount. But that varies from one lender to another and from one state to another. Alabama, being a high-cost state, you may want to get the help of a mortgage professional that can help you reduce the amount of closing costs as much as possible – like the Moreira Team.

Also, note that the total amount that you will pay largely depends on where your house is located. For instance, the average closing costs around Shelby County add up to $3,466 for a $200,000 mortgage. The same mortgage amount in Jefferson County may have you paying closing costs of $4,189. The main difference in cost is caused by varying costs of origination points and survey.

For a more detailed breakdown of Alabama closing costs for each county, please contact us and we will be sure to provide you more information. We can also help you find the best Alabama mortgage deal.

Talk to us today, and we will help you save some money in the process of getting a new home.