Costs
Closing costs are the fees and prepaids due to finish the loan. On many purchases they land around 2% to 5% of the price, separate from the down payment.
A seller concession or a lender credit can offset costs. Neither is guaranteed. The Loan Estimate, then the Closing Disclosure, are the documents that count.
Questions
No. They are additional.
On a refinance, often yes. On a purchase, rolling them in is limited. Seller credits are the usual path.
One point is 1% of the loan amount, paid to reduce the rate. It is a choice, not a requirement.
A Loan Estimate goes out after application. The Closing Disclosure arrives before you sign.
Texas relies on property tax. Escrow deposits at closing reflect that. It is not a lender fee.
No. We work to keep closing costs reasonable and walk you through every fee, but we do not promise lower fees.
Reviewed by Patrick Crawford, NMLS #231625 · Last updated October 28, 2026