No. Third-party processing fees to complete the transaction may be deducted from your end cash investment amount as part of the closing process. These fees vary based on the complexity, location, investment size and will be fully disclosed prior to funding. General expenses include:
- Title and Escrow: $475- $600
- Property Inspection: $530 - $800
- Home Valuation (AVM): $50 - $120
- Notary fee: $75 - $150
- Recording fees: $90 - $300 (charged on a state or county basis)
- Underwriting fee- 1% of loan amount
- Processing Fee- $495-$595
- Origination fee- 3%