Texas Home Lending News

Can your closing costs change from your original written Loan Estimate? 

The Loan Estimate document that is issued within three days of your mortgage loan application lists all costs associated with your proposed loan. Some of these costs can change before final closing, and others are set unless a revised document is provided. 

Each cost listed on the written Loan Estimate falls into a "bucket" according to whether changes are tolerated. 

• Lender and broker charges
• Fees paid to an affiliate of the creditor or broker
• Fees paid to an unaffiliated third party if shopping is not allowed
• Transfer taxes  

• Fees paid to an unaffiliated third party if shopping is allowed and included on a separate written list provided by the creditor
• Recording fees
• Services that you may shop for but choose not to  

• Pre-paid interest
• Certain real estate taxes
• Property insurance premium
• Amounts placed in escrow
• Charges paid to third-party providers, not included on the written list provided by the creditor
• Charges paid to third-party providers not required by the creditor 

If you have questions about the costs on your written Loan Estimate or final Closing Disclosure, please don't hesitate to ask. We are here to help.

Shawn Smith MLO/Broker | NMLS # 863501 (214) 396-3650 | Mobile: (817) 706-8619 shawn@sublimefinancial.com www.sublimefinancial.com Sublime Financial, LLC 14785 Preston Rd Dallas TX 75254