Loan Fees

• There is no fee to pre-qualify for a NHD loan.  However, when you apply through a Participating Lending Institution you may be asked to pay for an appraisal, credit report, and a title check.
  

• Closings costs associated with a NHD loan may include the following:  Loan origination fee (not to exceed 1.00%), application fee, document preparation fee, recording fee, title insurance, pre-paid interest, upfront FHA or VA costs as well as initial taxes and insurance.

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  Usual and customary settlement and financing costs may not exceed usual and customary settlement costs in the area in which the residence is located in cases where financing is not provided through NHD.