We’ve minimized your application and closing fees through our streamlined process. Borrowers have an application fee of just $350 upon loan submission. At closing, there is a service fee between $499 and $1,999 and a closing fee. The service fee are costs we incurred when processing and underwriting your loan (e.g. background checks, flood certification, valuation). Depending on the rate and terms you select, the closing fee will vary. Fees are net-funded at closing. For example, if you have $1,000 in fees to close on a $200,000 loan, you will be given $199,000 at closing where we keep the difference as our fee.