Once you find a property and get pre approved from one of our experienced mortgage professionals, we will provide you with an official Loan Estimate.
Loan Cabin does charge a lender fee of $1290.00 on most loans. There are zero application fees and origination points.
Here is a list of some of the third-party fees associated with a home purchase loan. This does not include other costs.
Once your offer is accepted by the seller listing the home, you will then sign a purchase agreement between yourself and them. The seller will require you to put down earnest money to secure the property. This payment shows the seller you are serious about their home and they can hold your earnest money in good faith that you will purchase the property. Don’t worry, this amount will be applied to your down payment at the time of closing.
At the very end, at the time of closing you will then pay for the remaining down payment, third party fees, and pre-paid cost.
No, Loan Cabin does not originate any loans with a pre-payment penalty.