Understanding Closing Costs: What First-Time Buyers Need to Know
Buying a home is a significant financial milestone. For first-time buyers, the process can be exciting and overwhelming. One aspect that often catches new buyers
Buying a home is a significant financial milestone. For first-time buyers, the process can be exciting and overwhelming. One aspect that often catches new buyers
What Exactly Is Title Insurance? A First-Time Buyer’s Complete Guide Purchasing a home is an exciting milestone but comes with many responsibilities and decisions. For
In 2025, homeowners and prospective buyers frequently inquire about various aspects of home titles. Here are some of the most common questions: Is title insurance
Purchasing a home is a milestone that many dream of achieving. However, amidst the excitement, prospective homeowners often overlook one critical aspect of the process:
Zoning is an essential tool governments and urban planners use to regulate the development and use of land within a specific area. It serves as
In legal documents, the word “will” carries significant weight. It denotes an individual’s intention, desire, or decision regarding the distribution of their assets after their
Provider and Settlement Service | Charge or Range of Charges |
---|---|
Sonic Realty LLC | 1%-6% of purchase price |
Sonic Title Agency, LLC |
Title Insurance Policy: $950 - $1706 on a $250,000 property. (Rates vary and are dependent on the state, selling price, and loan amount on the property.) Title Search Fee: $250 - $325 (where applicable) Closing Fee: $450 - $650 |
Sonic Loans Inc. This company provides various real estate mortgage loan origination activities either as a third-party originator or a mortgage broker, including loan pre-qualification, competitive bid process (when providing third-party origination services), loan origination, loan pre-approval, loan structuring, processing, and closing. |
Loan Origination Charge: 0-3 % of loan amount (may include 3rd party fees) Loan Discount Fee/points: 0.5%-6% of loan amount. Application/Processing Fee: $0.00 - $875.00 Flood and tax service: $0.00 - $95.00 Underwriting Fee: $0.00 - $1295.00 Document Review Fee: $0.00 - $400.00 Appraisal Fee: $0.00 - $850.00 Credit Report Fee: $0.00 - $135.00 Actual charges may vary according to the particular lender selected, the particular services provided, and the underlying transaction, borrower selections, etc. Some or all of these fees may be charged by third parties and/or the Member Mortgage Lender/Mortgage Broker. The Member Lenders and Mortgage Brokers have agreed to pay a fee ranging from 0.5% to 2.75% of the loan amount to Sonic Loans in connection with a range of loan origination services provided by Sonic Loans to the Member Lender/Mortgage Broker. The fees are paid either directly to Sonic Loans by the Member Lender/Mortgage Broker or billed directly to you at closing. |
Provider and Settlement Service | Charge or Range of Charges |
---|---|
Appraisal Fee | $0-$800 |
Credit Report Fee | $63-$125 |