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Buyer's Fees


Here is a list of fees you should typically expect to pay at closing; there may be more or fewer: 

Credit report -- done by an independent credit association, to establish your credit rating

Appraisal-- done by an independent appraiser, to establish the value of the house

Inspection -- done by an independent home inspector, to provide information about the integrity of the house (typically not required by the lender)

Title -- to disclose whether there are any liens and encumbrances

Recording fees -- to record the transfer of property with the appropriate government bodies

Courier fees -- to cover the cost of transporting documents between the escrow service and various other entities

Loan origination fee  -- this is a fee imposed by a lender to cover certain processing expenses in connection with making a real estate loan

Discount points -- prepaid finance charges tied to interest rate (the higher the interest rate, the lower the discount points)


Mortgage Tools

To request information about OECU's mortgage products, complete our secure online form or call 405.606.OECU.

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