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Closing Costs: What You Need To Know | Quicken Loans

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For FHA loans, the maximum allowed is $900, and for VA loans, the max is $300. Prepaid interest: This is daily interest that accrues on the loan between the closing date and first monthly mortgage payment. Loan origination fee: These are the fees paid to the lender to obtain a mortgage and are expressed as a percentage of the loan amount.

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