Buyer’s Costs

The Buyer’s Costs are based on one of the following programs:
Financing, Prequalification or Buying vs Renting

The costs are itemized and calculated for you. Your REALPRO program “knows”, customarily, who pays what costs and the most common fee for this cost.

These costs include the lender fees, prepaid items, title fees, recording fees and miscellaneous fees. There are fees that are based on a chart, fees based on the loan amount, fees based on the salesprice and fees that are a flat rate. As you will see, the REALPRO programs are very flexible.

REALPRO Innovations, Inc. researches the real estate and lending industry in your area and customizes your program to best suite your needs.

REALPRO is very open to suggestions and requests. ” If we possibly can, we will”, so don’t hesitate to ask.

FHA, VA and Conventional

1. Months Reserve line to allow for the required amount to be available at closing.
2. Extensive Title and Escrow and Closing charges that can be customized to your specific area and needs – Buyer, Seller and Refinance.
3. Complete breakdown of costs including but not limited to: Escrow, Closing, Title Insurance, Sub Escrow, Doc Prep, Tax Service, Underwriting, Flood Cert., Earnest Money, Pest & Miscellaneous and much more.
4. Choice of whether to calculate A.P.R.
5. A.P.R. on ARM based on Index and Margin
6. ALL appropriate costs included in the A.P.R.
7. Cost of Buydown included when buyer is paying.
8. Separate APPRAISAL for FHA, VA and Conventional – holds last answer.
9. Mortgage Insurance Impounds can take # of months or 0.
FHA

Sellers Assistance question asks specifically what portion of the buyer’s costs that the seller is willing to pay – All, Closing Costs, Prepaid items, Dollar amount.
VA

1. VA Origination fee based on the Total Loan.
2. Cost of VA Funding Fee included when in excess of maximum loan amount.
3. Sellers Assistance question asks specifically what portion of the buyer’s costs that the seller is willing to pay – All, Closing Costs, All except the prepaid items, $ amount.
Conventional

1. Assumable Fee – % or $ amount
2. Mortgage Insurance Impounds can take # of months or 0.
3. Sellers Assistance question asks specifically what portion of the buyer’s costs that the seller is willing to pay – All, NRCC, All except the prepaid items, $ amount.

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