Closing costs: a generic term tossed around by mortgage originators, real estate agents and even your neighbor. But what are these fees all about? How much do they normally cost, why do they matter and who pays them? Read on to learn the basics of closing costs for new-construction and resale homes and how they can affect your home purchase.
Several ways to save
During this exciting event, buyers can take advantage of multiple offers to make their new home more affordable! Clients who contract on a home and finance through our affiliate lender (see licensing info) may receive limited-time special financing rates on quick move-in homes, as well as thousands of dollars in closing cost assistance. These stellar savings may turn a “Let’s wait and see…” into an “I’m ready to buy now!”.
What to tell your buyers:
- Special financing is available for 30-year, fixed-rate FHA, VA and Conventional loans through HomeAmerican Mortgage Corporation (HMC) and can vary regionally.
- Be sure to pay attention to offer requirements, including contract and close-by dates.
- Funds are limited, available on a first-come, first-served basis and may end at any time, so it’s important to act quickly!
- The total value of these offers can help buyers save up to 2% (3% in Florida) of the base home price.*
- If your buyers are unsure about what closing costs entail, share this article to help them understand the basics.
Depending on your area, your clients may also be eligible for region-specific offers and programs. Community sales associates and local New Home Specialists will be your best resources for more information. Call our Homebuyer Resource Center today at 888.996.3060.
Sell the perks of buying a quick move-in home.
Give your clients an overview of the spec buying process and the benefits of buying a home that’s ready to close soon!
