Closing Cost Information

Our loan processor will fax a closing fee sheet to you once all conditions have been received and approved. We do not pay a yield-spread premium. Typical closing costs include:

FNBA Origination Fee................................the greater of 2% or $900
FNBA Processing Fee................................$225

3rd Party Fees:
Credit Report..................................................$4.25 per borrower
Flood Search..................................................$14
Overnight........................................................$10.50 per overnight
Appraisal........................................................$450.00
Title.................................................................Please discuss with your processor
Survey..............................................................$400.00 but typically waived
Property tax & Homeowner Insurance......Escrow Required, 2 Month Cushion

Mortgage Clause
FNAC-ISAOA
PO Box 980
East Lansing, MI 48826