Closing Cost Options

No Points
The borrower pays no points to buy the interest rate down.
A point is equal to 1% of the loan amount, i.e. one point on a $100,000 equates to $1,000 in added closing cost. Points are fees paid by the borrower in the form of an Origination Fee, a Broker Fee, or a Discount Fee. Many loan originators advertise and quote rates and indicate "0 points" even though they are actually charging points in the form of an origination fee, a broker fee, or a combination of other so called “junk fees”. The reality is, these are points no matter what they are called!

With Points
The borrower opts to pay points in order to buy the interest rate down.
If you intend to live in your home more than five (5) years this is generally the option that will save you the most money in interest charges over the life of the loan.

No Closing Costs
The borrower pays absolutely no closing costs and the closing costs are not added to the borrower's loan balance.
The closing costs paid by United Financing include all lender and broker feels, plus appraisal, title insurance, recording fees, escrow/closing fees, etc. We look forward to work with you so you can make the best decision regarding your home financing. Our goal is to save you money while closing your loan on time.

We will beat any competitor’s offer!*

(*)The “competitor” must have a licensed mortgage sales office in WA or advertise on radio or television in the greater Seattle area; United Financing may, at its discretion, require written substantiation of the competing offer; employees/agents, and their families affiliated with any financial organization are excluded; offers affiliated with builders or with builder's incentives are excluded as are offers associated with corporate programs; the “beating” of an offer by United Financing does not guarantee the borrower’s qualification or approval for any loan; United Financing’s offer is subject to the same quote date as the competing offer since rates and fees can change rapidly; applies to Conventional 1st mortgages in WA only; United Financing must have available the same mortgage product with the exact terms as the competing offer, if not, United Financing may offer a substitute product; offers that cannot be substantiated, as determined solely by United Financing, are excluded; in the event United Financing is unable, or chooses not to beat a competitor’s offer, United Financing will pay $50.00 to the client within 30 days of submission of the HUD Settlement to United Financing for the closing of the subject loan with the named competitor at the same offer terms, closed within 45 days of the offer date; all other lending policies disclosed by United Financing shall apply; requesting United Financing to beat a competitor’s offer so indicates the party’s acceptance of these terms and conditions; promotion subject to being withdrawn at any time without notice.