Florida Closing Costs

 

 

If you are planning to buy a house in Florida using a mortgage chances are you’ve already heard about closing costs a number of times. They are the sum amount that your mortgage lender incurs when administering the loan to you. In Florida, 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 amount to an average of 3.5% of the total loan amount. But that varies from one lender to another and from one state to another. Florida, being a high-cost state, you may want to get a real estate company that will help you reduce the amount of closing costs as much as possible – like 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 in Miami add up to $9,422 for a $200,000 mortgage. The same value of mortgage attracts closing costs of $9,388 in Orlando and $9,409 in Tampa. The difference is mainly caused by varying costs of origination points and survey.

For a comprehensive analysis of Florida closing costs for each county, please contact us and we will be sure to furnish you with the information. We can also help you find the best Florida mortgage loan lenders with the lowest closing costs. Alternatively, we can help you get a no-closing-cost loan. In that case, you won’t have to pay any upfront fees. And that means avoiding closing costs altogether. Talk to us today, and we will help you save some money in the process of getting a new home.

 

Florida City Mortgage Service Areas