what is a good faith estimate?

Profile picture for ronbee46
I am a first-time buyer and would like to know the purpose of a good faith estimate.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

July 02 2009 - Albany
 Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for Cobalt Financial
The Good Faith Estimate is a document that you should receive from your lender within 3 days of your loan application.  It will break down all charges associated with your loan transaction such as, Origination Fee, Appraisal Fee, Credit Report Fee, Underwriting Fee, Processing Fee, Est.Taxes and Insurance and Title Charges.  These numbers should be pretty close to what your final cost will be at closing give or take a few dollars.  Hope this helps!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

July 02 2009
Profile picture for cindychavers
A good faith estimate is provided by the lender to give you an idea of what your closing costs will be for the purchase. The lender is required by law to provide this to you.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

July 02 2009
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

E-mail successfully sent!Submission failed!

Related Questions
Profile picture for Cheryl Talbot, ABR,GRI,ePRO
Questionquestionable mortgage.. community land trust? anyone with input
  • Latest answer by Cheryl Talbot, ABR,GRI,ePRO
  • November 07 2011
Profile picture for Brenda Roberson
QuestionIs it possible to cancel contract after seller and buyer has agreed on price
  • Latest answer by Brenda Roberson
  • June 06 2011
Profile picture for AllisonDK
Questionwhat is the best strategy to increase my credit score? It is very low.
  • Latest answer by AllisonDK
  • April 08 2011
Profile picture for Sharon Lewis
QuestionCan anyone recommend a good home inspector near Albany, NY?
  • Latest answer by Sharon Lewis
  • March 27 2011
Profile picture for Michael MacDonald
Questionhow after the appraisal in completed will we go to close.
  • Latest answer by Michael MacDonald
  • December 21 2010
Related Articles about Buying Process
GuideReal Estate Buyer's Closing Costs
GuideList of Closing Costs and Fees
GuideYou've Opened Escrow
GuideHome Buying One Step at a Time
GuideA Buyer's Guide to Making the Right Choice
Current Mortgage Rates
CurrentLast Week
Compare Mortgage Rates

See all mortgage rates in Albany, NY

Compare mortgage rates

Zillow Mortgage Marketplace

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy

Zillow Mobile
Download the #1 Real Estate app