Frequently Asked Questions

What costs are involved in the loan process?
Fees on home loans fall into the following 3 main categories:

• Lender Fees- These are fees charged by Blue Value Enterprises, LLC (and other lenders) for originating, processing, underwriting and funding your loan. These fees are set by the lender and vary by state and loan program.
• 3rd Party Fees- These fees are charged by other companies which are necessary for completing your home loan. Examples include title companies, appraisers and attorneys (in certain states). 3rd parties set their own fees.
• Government Fees- These fees are charged by state and local governments. Examples include; recording, state tax, tax stamps or transfer tax. Your local and/or state governments set these fees.

For a complete breakdown of fees associated with you loan, please see your Good Faith Estimate (GFE). For help in understanding your "GFE", please see the Good Faith Estimate Reference Card included in your welcome package.