: The lender charged a fee to process and "underwrite" their mortgage application, often starting at 0.5% to 1% of the loan .
: To show they were serious, they put down about 1% to 3% of the purchase price ($4,000–$12,000) into an Escrow Account , which would eventually count toward their down payment . fees when buying a house
Here is the story of the fees they encountered on their way to the front door: The "First Impressions" Fees : The lender charged a fee to process
: A title company charged about $300–$2,500 to search public records and ensure no one else could claim ownership of the home . : Their local county charged $20–$250 just to
: Their local county charged $20–$250 just to update the public records with their names as the new owners . The "Advance Payment" Fees
