Fees for Department of Housing and Urban Development Closings

 

                                                                     South Alabama                         North Alabama                            Central Alabama

                   *   Settlement Fee                          $478.00                                      $450.00                                       $450.00

                   ** Title Search                                $250.00                                      $250.00                                       $250.00

                   ** Title Review                                $225.00                                      $225.00                                       $225.00

                   ** Title Binder                                 $100.00                                      $100.00                                       $100.00

                   ** Wiring Fee                                   $  25.00                                      $  25.00                                       $  25.00

                   ** Overnight Fee                             $  45.00                                      $  45.00                                       $  45.00

                       Total Fees                                 $1,123.00                                  $,1095.00                                   $1,095.00

 

Recording and Mortgage Tax is estimated at $175.00 per closing.  HUD will always credit the Buyer the cost of the recording of the deed regardless of line 6a of the HUD Sales contract.

 

*   Settlement Fee is always credited to the Buyer on Page one of Settlement Statement.

** All other fees may be credited to the Buyer in Page one of the Settlement Statement provide that Buyer has requested sufficient closing cost on line 6a of the HUD Sales Contract.  Title charge are only charged when there is a request for lender or owner's title insurance.

 

This amount should be added to the cost of the Title insurance requested.  You can call us for this amount or you can compute it yourself using the Title Insurance Calculator.