Closing Costs For Home Buyers in Texas

Factors to be aware of include the purchase price of the property, the type of loan the buyer is using, and the specific services included in the closing process. Some common closing costs for home buyers in Texas are:

• Loan origination fee: This is a fee charged by the lender for processing the loan. It's usually a percentage of the loan amount.
• Title insurance: This is insurance that protects the lender and the buyer from any issues with the title to the property.
• Appraisal fee: The lender may require a professional appraisal of the property to determine its value, this fee will cover this cost
• Survey fee: Some lenders may require a survey of the property to ensure that there are no issues with the property's boundaries.
• Homeowners insurance: home buyers are required to have an insurance policy in place at closing.
• Property taxes: Home buyers are typically responsible for paying property taxes as part of the closing costs, this can be either paid in full or sometimes rolled over into escrow and paid on a monthly basis.

It is important to note that closing costs will vary depending on the lender, the services provided and the property purchase, so it is always good to check with your lender to get an accurate estimate of closing costs. Additionally, in Texas, like most states, the buyer and the seller may negotiate who pays the closing costs, this is sometimes a negotiation point in the purchase agreement.

If you have any questions on home buying, home selling, or on the current state of the real estate market in San Antonio and Surrounding Areas, I'm happy to help!

Carmen Buenrostro

Real Estate Broker | Co-Founder

Silverback Realty, LLC

San Antonio & Surrounding

C: 210-712-9068

carmen@silverbackrealtysa.com