When will I be expected to pay fees?

There are three possible fees that you may need to pay before closing. We will not charge any fees until after we have sent you disclosures and you have provided intent to proceed.

1. Appraisal deposit

• The vast majority of borrowers need to pay a third-party appraisal fee.
• This deposit will be charged around the time you lock your rate and is only refundable if you withdraw before the appraisal inspection takes place.
• The only time the appraisal deposit is not required is in some refinance situations if the property qualifies for a Property Inspection Waiver (PIW) and you choose to use that option. There is no cost associated with getting a PIW.

All other fees will be paid at closing. We’ll send you a loan estimate within 3 days of submitting your application that lists the expected fees. And at least 3 days prior to closing we’ll send you a final closing disclosure that includes the exact breakdown of your closing costs.

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