Don't Forget Closing Costs

"Closing Costs" are the fees that pay for various services involved in the sale of a house. Sellers and buyers almost always negotiate the payment of these closing costs.

Many of the costs associated with buying a house are associated with getting the mortgage. Since 1st Security Home Mortgage Corp has extensive experience with mortgages and closings, we can help you understand your closing costs.

Good Faith Estimate (Also know as the GFE)

Buyers get a "Good Faith Estimate" of closing costs around the time the loan application is submitted to the lender. The closing costs spelled out in the GFE are estimated based on our experience with mortgage loans, but costs usually vary a little bit between the Good Faith Estimate (GFE) and closing. We review GFEs with buyers almost every day, so we are happy to answer the you have about closing costs.

We've provided a general list of these costs below, but we'll give you a specific list of closing costs, with amounts, very soon after you complete your loan application. At 1st Security Home Mortgage Corp, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.

Standard Closing Costs

Loan-Related Costs
  • Taxes
  • Loan Origination Fee
  • Points — A fee paid to lower your interest rate (optional)
  • Appraisal Costs
  • Obtaining Your Credit Report
  • Interest Payment
  • Escrow Account
Property Taxes
  • Transfer Taxes & Recording Fees
  • Insurance
Homeowners Insurance
  • Title Insurance
  • Flood / Earthquake Insurance if applicable
  • Private Mortgage Insurance (PMI)

1st Security Home Mortgage Corp can answer questions about these closing costs. Call us: 918-748-4470/877-748-4470.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question