Details On Lender Closing Fees In Las Vegas

When you obtain a loan for a home purchase, you will be faced with a range of charges associated with the mortgage. These are normally referred to as closing costs, but there are actually different types of expenses that fall into that classification. This article covers details on lender closing fees in Las Vegas.

Lender Closing Fees


Points are a method for borrowers to obtain a discounted interest rate. It involves paying interest up-front to reduce monthly payments for the length of the loan. This option can be important for homeowners who need a lower payment to secure approval.

Origination Fee

Origination fees are lender specific. It usually covers the cost to complete financing for a home buyer.

Appraisal Charge

An appraisal is mandated by a mortgage company but performed by a third party. Appraisals confirm the market value of a property and its condition. A loan will not receive final approval until an appraisal is submitted, analyzed, and approved

Property Tax Services

Property taxes may be part of your monthly mortgage payment. The mortgage company obtains a specific amount from homeowners on a monthly basis and places it into an escrow account. When the tax bill is payable, payment is made from the escrow account. Many mortgage companies will charge a one-time fee to establish this tax service.

Flood Certification

Real estate in flood zones will require flood insurance. Mortgage companies order a flood certificate to identify flood zone status. Flood certificates are always the financial responsibility of the borrower.

Credit Report

Credit reports are how lenders evaluate credit standing and applicable mortgage rates. There is a cost associated with retrieving credit scores from the 3 major credit bureaus. Lenders will generally pass on this fee to home buyers.

Other Lender Closing Fees

The lender closing fees provided in this blog are only a few of the charges that can be billed by your lender. For a comprehensive list of possible expenses that you will be responsible for, or for assistance with other home buying or financing needs, contact Arina Hanciulesco at Realty PROS Las Vegas by calling 702-306-4766 or emailing

Comment balloon 0 commentsArina Hanciulescu • October 05 2016 10:35AM