Typical closing costs for buying a home on the Mississippi Gulf Coast can include depending on the purchase/sale, the following:
- Interest from the date of closing to the end of the month or the following month.
- Estimated property taxes (only if you want the lender to pay)
- Property insurance
- Closing costs (fees for the paperwork, filing, disbursement of funds)
- Origination fees on your loan
- Title insurance
- Fees agreed to by both parties e.g. terminate inspection etc.
- Real estate agent commission
- Amounts promised by seller to make repairs etc.
- Filing fees (any fees charged by the County to file deeds)
- Wiring and overnight delivery fees
- Other fees specific to this transaction
Please read my article about closing costs that explains what they are and who pays and receives the funds. Even with a zero down payment loan there are closing costs some of which may be folded into the loan. You will receive a closing cost estimate before closing. Feel free to ask about the costs, some may be optional.
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