First Class Mortgate MN FHA Closing Costs


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Minnesota FHA Closing Costs


Rate quotes and closing fees are based on a loan amount of $100,000.

Items Payable in Connection with Loan:

Mortgage Broker/Origination fee of 1%: $1,000
Appraisal fee: $565
Underwriting fee: $665
Flood certification: $19
Processing fee:  
(Grand Forks & Fargo Offices) $250
(Maple Grove Office) $495
Title Charges:  
Closing/Escrow fee: $405
Title Insurance and Abstracting fees: $300
Government Recording & Transfer Charges:
Recording fees: $92
State Tax/Stamps: $230
Estimated closings costs: $3,696
Items Required by Lender to be Paid in Advance*:
Interest: TBD
Upfront Mortgage Insurance Premium: $2,250.02
Homeowner’s Insurance Premium: TBD
Property Tax: TBD
Reserves Deposited with Lender*: 
Homeowner’s Insurance Premium TBD
Taxes & Assessments TBD

Notice: Prices are subject to change without notification. Please contact a local office for a personalized Good Faith Estimate.

*May be required for you to prepay in escrow to cover expenses such as homeowner’s insurance, prepaid interest on your new mortgage, and mortgage insurance (if applicable).