Low Closing Cost Option
If closing costs have prevented you from buying or refinancing a home, our Low Closing Cost Option1 may be the right solution for you. We will pay 1.5% of your loan amount in closing costs not to exceed $5,000, allowing you to achieve your goal of purchasing or refinancing a home with a slightly higher rate compared to our traditional fixed rate mortgages.
- Available on 15 and 30 year fixed rate mortgage terms
- CFE pays 1.5% of loan amount up to $5,000 in closing costs
- This option is intended for people who plan to be in their home for at least
The chart below lists the closing cost credit based on loan amounts ranging from $150,000 - $333,400+ to determine the savings you can receive on this great mortgage option.
|LOAN AMOUNT||CLOSING COST CREDIT|
To apply, please call our Real Estate Department at 407-896-9411 or 800-771-9411 outside Orlando, ext. 6170.
1 Low closing cost offer available for purchase or refinance on 15 and 30 year fixed rate mortgages only. Certain restrictions apply. Loans are granted based on credit worthiness and the ability to repay. CFE will pay up to 1.5% of the loan amount towards borrower's closing costs, not to exceed $5,000.
2 If the mortgage is paid off within the first 36 months, you will be required to reimburse CFE for a portion of the closing costs paid by CFE. After 36 months, there will be no reimbursement due. Fees are collected during the loan process and will be credited back on the closing disclosure at loan closing.