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Applying for a Loan

Loan application costs

Most lenders will require you to pre-pay an application fee, credit report fee and/or appraisal fee when you apply for your loan.

You may want to discuss with the lender which fees are non-refundable if, for any reason, you do not close on the loan.

The lender is required by law, within three (3) days of applying for the loan, to provide you with a good-faith estimate of the closing costs you'll be responsible for paying.   You should also receive a government publication called Shopping for Your Home Loan, HUD's Settlement Cost Booklet, explaining any and all expenses you may pay upon loan closing.