Learning Center

Closing Costs

In addition to the down payment, you will be responsible for paying certain average mortgage closing costs in order to complete the mortgage transaction. Average mortgage closing costs range from 3% to 6% of a home’s purchase price.

Average mortgage closing costs may include:

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Loan inquiries and applications in states where I am not licensed will be referred to a Loan Officer who is licensed in the property state. Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker-New York State Department of Banking); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Loan Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law. Prospect Mortgage, LLC - NMLS Consumer Access | Texas Mortgage Banker Loan Origination Disclosure

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Disclosure last updated March 12, 2012

MetroPro Insurance Solutions, LLC is a licensed California insurance agency; CA License 0D69289. MetroPro Insurance Solutions, LLC, is a division of Prospect Mortgage, LLC, the company that is providing your mortgage services. Use of MetroPro Insurance Solutions, LLC may provide Prospect Mortgage, LLC with a financial or other benefit. You are not required to use MetroPro Insurance Solutions, LLC as a condition of settlement on the closing of your home.