~ information from zillow.com

The Lowdown on Closing Costs

When you get a mortgage, you will need to pay closing costs, which are fees – charged by lenders and third parties -- related to the purchase of the home. So, in addition to owing the lender the down payment on the home and the principal and interest related to the mortgage, you will also owe the lender and third parties closing costs, which you usually pay at the time that you close on your mortgage. Most of the time, it is the home buyer who pays the closing costs, rather than the seller, though on some loans such as VA loans, the seller pays a portion of these costs.

How much will you pay in closing costs?

Typically, home buyers will pay between about 2 and 5 percent of the purchase price of their home in closing costs. So, if your home cost $150,000, you might pay between $3,000 and $7,500 in closing costs. On average, buyers pay roughly $3,700 in closing costs, according to a recent survey. Lenders are required by law to give you a good faith estimate (GFE) of what the closing costs on your home will be within three days of when you apply for a loan. But these are just an estimate, and many of the fees listed on the GFE can legally change by up to 10 percent, potentially adding thousands of dollars to your final closing cost bill. Within a day of your closing, the lender should give you a HUD-1 settlement statement, which outlines closing costs. Compare this to your GFE and ask the lender to explain what each line item on your closing costs is and why it is needed. Often, many of the fees that make up closing costs are negotiable, and some are completely unnecessary, especially things such as high administrative, mailing or courier costs charged by your lender. If the closing costs come in high, you can walk away from the loan; there are plenty of lenders who might be willing to offer you lower closing costs.

What Are Buyer's Closing Costs and How Much Are They Typically?

closing costs

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APPROXIMATE CLOSING costs*

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Ferrellgas: 910-944-1087 (gas)

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Ralph Spatz: (910) 783-5125

John Cole's: 910-639-4933

Adam Ingram: 910-690-5772

Frank Israel: 910-692-8727

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David King: 910-690-1884
Jose Avalos Martinez: 910-434-2019

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Marlin Septic: 910-295-1899

Surveys Blue Land: 910-692-6461

Stephen Sheffield: 910-255-0420

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James Carpenter: 910-315-3442

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Suddreth Tile: 910-315-2473

Henry Key: 910-235-0679

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Southern Pines Tree Service: 910-695-7299

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Cin-Lar Kennel: 910-947-3264

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Jay Carter Associates: 910-695-1043

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Teeple’s Touch: 910-673-1932

Terrell: 910-718-1762

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Jeremy: 704-249-9101

Home Inspections 
Malcolm Mclester: (910) 334-0332

Sandhills Inspections: (910) 215-8820

Pilar To Post: (910) 528-2178

Home Insurance

State Farm Jim Leach: 910-215-8150

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Jim Leach (State Farm): 910-215-8150

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Bascom Johnson: 910-603-2672​

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Jeremy: 704-249-9101

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Williams Irrigation: 910-215-6434

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Associates  910-255-0420
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Doug Williams: 910-673-2810

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Aberdeen Paint: 910-692-4451 
Federmack Painting: 800-724-6856 

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Hines Pest Control: 910-244-2669 
Aberdeen Exterminator: 901-944-2474 

PERC Testing 
Moore County: 910-947-6283 

Appliance Purchases

Kee's Appliance: 910-944-8887

Keith’s Maytag: 910-944-9200

Lowe’s: 910-693-1010

Sears: 910-944-2313

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Scott Tortora

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Fred Morrison: 910-295-5898