What is a Good Faith Estimate?

Required by federal law, the Good Faith Estimate (GFE) is a written list of the estimated closing costs associated with your mortgage transaction, such as broker & lender's charges, appraisal fee, escrow/closing charges, etc. It also includes estimated amounts for real estate property taxes and homeowner's insurance. A GFE disclosing all the fees that pertain to your program will be provided within 3 days of your application.

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