Indiana one of most affordable - closing costs

From Marketwatch

There's "tremendous variance throughout the U.S.," said Tony Farwell, chief executive of ClosingCorp, the parent company of Closing.com, a Web site that helps people estimate the money they'll need to close a home purchase and allows them to comparison-shop for providers.

Buyers in Maryland, Delaware and Vermont typically pay the highest closing costs in the country, while Wisconsin, Colorado, New Mexico and Indiana buyers pay the lowest, according to the report. In general, buyers spend between 2% and 7% of the cost of their home on closing costs, Farwell said.

The calculations include taxes and fees that are set by state and local laws, and other costs that consumers have little direct control over -- including appraisals and credit reports. They also include costs of items such as escrow and title insurance, over which consumers typically have more flexibility to search for deals.

Good news again for Indiana, our costs are lower than in many over-regulated parts of the country. In some areas title insurance rates are forced higher by government manipulation of the markets. The single biggest reason that Indiana is lower than most is that our property taxes in Indiana remain some of the lowest in the nation due to leadership by our Governor.

Call us today at 219-762-7200, let's take a look at making those costs even lower by pricing your mortgage at a rate that eliminates all but the actual third party fees.

Warning - watch out for lenders who promise "no closing costs" which really just means you're paying a higher interest rate so they can pay your closing costs for you.

First Financial Trust Mortgage