Here at Liberty Partners Home finance we appreciate your business and want you to understand the loan process.  We pride our business as being honest and straight forward.  That is precisely why this letter has been designed.

First, we want to give you some perspective on our Zero Closing Costs Loans.  We want to explain what true “Closing Costs” are.  They are the one-time, non-recurring costs and are typically added as fees to close your loan.  These are widely known as true “Closing Costs”.  We also want you to know that we can only provide Zero Closing Cost Loans to individuals with good or better credit and only on a primary or secondary residence.  The fees are as follows and these are the fees we eliminate from your Zero Closing Cost Loan. 

Non-Recurring Fees Charged by Lenders	Average from other Lenders	Our Zero Closing Cost Loan
Administrative Fee	$415	$0
Application Fee	$265	$0
Appraisal Fee	$400	$0
Credit Report	$50	$0
Escrow Fees	$250	$0
Funding Fee	$125	$0
Processing Fee	$300	$0
Tax Service	$70	$0
Title Fees	$800	$0
Underwriting Fee	$280	$0
Points (1% of the mortgage amount)	2 points	$0

*these amounts are average and vary with the amount of the individual loan.

Now here is a breakdown of costs that many people believe to be “Closing Costs”.  However these are not Closing Costs, these are necessary recurring fees that you may be asked to pay for at the time of closing.  

Recurring Fees	% You Are Responsible For
Accured Interest	100%
HOA Fees	100%
Homeowners Insurance	100%
Property Taxes Tax Stamps	100% 100%

*the amounts of these fees vary with the amount of the individual loan.

Please contact us for more information or clarification. 

Call us Toll-Free at: 1-866-828-1419

Call us Local at: 970-266-1356 

Fax: 1-866-476-1659

Email: JAFanning@zeroclosingcost-usa.com 

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