Costs & Fees

Closing Costs

Name: Elite Fundings — California Mortgage Team
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (626) 833-7449
Price range: $$

The fees paid at close that are separate from the down payment — typically 2–5% of the loan amount in California.

Breaks down into: lender fees (origination, underwriting), third-party fees (appraisal, credit report, title insurance, escrow, recording), prepaids (first year of homeowners insurance, first few months of property tax reserves, prorated interest), and taxes (California property transfer tax).

Typical Southern California closing costs on a $750K purchase run $15K–$25K depending on loan program and negotiated concessions.

Seller credits (up to 3–6% depending on down payment and occupancy) can offset part of the closing costs — an important negotiation tool especially in buyer's markets. Your broker should tell you the maximum allowable credit for your scenario.

This site does not quote a rate or APR you can lock. A rate, APR, and terms depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors, and come from a licensed loan officer. Not all applicants will qualify.

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