What are typical mortgage closing costs in Virginia?


Quick Answer

Typical mortgage closing costs in Virginia average $3,648, according to Bankrate and as of 2015. This includes an average of $1,602 collected by the lender in origination fees and an average of $2,046 in third-party and title fees.

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Full Answer

The origination fees typically include an average of $489 for points, $343 for the mortgage application and $73 for document preparation. Origination fees also include an average of $1,150 to the lender, broker or originator, and $495 for processing fees. Underwriting costs an average of $200, notes Bankrate.

Third-party fees usually run $406 for appraisals and $470 for closing attorney's fees. Surveys, postage, inspections, flood certification and other fees are included in third-party fee totals.

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