Conventional loan programs offer the most attractive rates and terms. Best option for “Viable Hospitality Properties and Qualified Buyers”.
Closing Cost Estimate: 1/2% to 1% Loan Origination Fee (may not apply)
Doc Preparation – $500.00
Appraisal – $2,500 to $5,000
Title Insurance – $6,000 to $7,500
TOTAL CLOSING COSTS – $11,000 to $13,000
Use your 401K Retirement Fund or IRA to Purchase or Refinance a Bed & Breakfast or Country Inn
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