The first closing cost program that guarantees all lender, recording and title fees. The first closing cost program that gives purchasers a minimum guaranteed closing cost credit of $500.
Settlements are conducted on behalf of First Savings Settlement Services (FSSS) at the offices of Monarch Title.
To find out more about the Edge and other First Savings Mortgage Corporation innovations contact your Loan Officer for more information.
Sample Edge Credit
The below samples are an estimate and your actual Edge credit may be more or less depending on factors of the loan.
| Purchase Price | Loan Amount | Edge Credit |
|---|---|---|
| $300,000 | $240,000 | $500 |
| $600,000 | $480,000 | $861 |
| $900,000 | $720,000 | $1,239 |
| $1,200,000 | $960,000 | $1,617 |
Terms & Conditions
Homebuyers using the Edge will receive an Edge Guarantee Letter in lieu of the generic lender letter. Settlement must occur through the offices of First Savings Settlement Services or its designee.
Guaranteed Closing Costs will include:
- Origination Fees
- Discount Points
- ONE appraisal
- All lender fees (credit reports, flood certifications, tax service fees, document preparation and processing fees).
- Settlement Fee
- Title Inspection and examination fee
- Owner's and Lender's Title Insurance
- Courier Fees
- Recording fees and transfer taxes for recording the Deed and first Deed of Trust.
Guaranteed Closing Costs will NOT include:
- Prepaid interest mortage insurance and hazard insurance premiums
- Escrow Reserves (if any)
- Administrative processing fees as charged by the Purchaser's realty firm.
- Adjustments between Purchaser and seller for taxes and/or association dues
- Elective costs to Purchase such as warranties, powers of attorney, home inspections, or repairs.
