Home Buying Benefits
Using Coastal Housing Partnership benefits, real estate agents typically apply 20% of their commission* back to closing costs, while lenders waive processing fees and credit report fees, and some credit back appraisal costs. Inspection companies offer savings off their fees. Build your team from the list of network service partners. Click here.
*Note: The real estate agent commission credit is available to the extent allowed by your lender. Please make sure your lender and escrow agent are aware of the commission credit in order to credit it to you properly.
Example for Illustration Purposes - $600,000
Item Standard Cost CHP Concession Savings
Savings for Buyer
Loan Processing Fee
& Credit Report Fee $500 100% $500
Home Inspection Fee $350 10% $ 35
Credit to Buyer
Buyer’s Real Estate Broker
Commission (2.5%)* $15,000 20% $3,000
(Paid by Seller)
Total Buyer Savings/Credit $3,535
*Commissions earned and fees charged vary depending on transaction.
Actual settlement costs, including Coastal Housing Partnership savings, will vary for each transaction.
_____________________________________________________________________________
Other customary buyer’s closing costs include loan origination fee, underwriting fee, other lender fees, document fee, funding fee, flood certification, hazard insurance, escrow fee, title insurance and recording fee.
These figures are for illustration purposes only. Actual settlement costs, including Coastal Housing Partnership savings or benefits, will vary for each transaction. Network Service Partners may be added or removed or may change their contributions at any time. Be sure to verify that your real estate agent, lender and home inspection firm are part of the Coastal Housing network and provide them with your proof of program eligibility – Letter of Authorization. Click here to get Letter of Authorization.
Coastal Housing Partnership
PO BOX 50807 • Santa Barbara, CA 93150
t: 805-969-1025 • f: 805-882-1496