VHFA News

By:
VHFA

A recent survey by bankrate.com revealed closing costs for home purchases in Vermont were the 48th lowest in the nation.

Researchers built the list by polling at least four lenders in each state, as well as the District of Columbia, asking for estimated closing costs on a $200,000 loan, assuming a 20 percent downpayment and good credit.

The numbers do not include taxes, and other government and escrow fees.

Using this data, Vermont's average closing cost was at number 48 on the list at $2,426, down from number 47 the previous year.

The top three:

  1. Texas, $3,855
  2. New York (New York City), $3,368
  3. Florida, $3,368

See the entire list of states online.