Cost Comparisons

Tier I | Tier II | Tier III | Tier IV Cost Comparisons

We offer lower fees and a streamlined loan process with fewer requirements! Our programs can save you thousands of dollars when it comes to underwriting and closing costs. Use the guide below to compare fees associated with our loans to fees charged by other lenders.

			Conner Affiliates, Inc.		Other Lenders
	Approval Process		48-72 hour written pre-approval streamlined approach		Loan committees that can take weeks or months
	Average Closing Time		30-45 days		60-90 days
	New Survey Requirements		None		Required
	Appraisals		Limited appraisals and competitive network to reduce cost and time frames		Full appraisal required
	Doc Preparation		In-house attorneys		Outside law firms
	Environmental		Low cost environmental insurance policy		Phase 1 Environmental Study required
	Documentation Requirements		Residential style underwriting means a streamlined process and familiar documentation		Full commercial underwriting process includes extensive documentation requirements
	Balloons		None		Yes, which means added costs to refinance when note is due
	Assumability		Assumable at no cost		Non-assumable or usually a fee required
	Ongoing Financial Reporting Requirements		None		Financial reporting and financial covenants required

	Fees		Conner Affiliates, Inc.		Other Lenders
	UCC Filing		$90		?
	Flood Certification		$45		?
	Tax Service Fee		$80		?
	Credit Report		$25		?
	Document Preparation		$750-1000		?
	Investor Counsel Fee		None		?
	Environmental Screen/Insurance		$500-$5,000		?
	Appraisal Fee		$1,500-$4,500*		?
	Lender Fee/Processing Fee		$500**		?
	Other Reports/Inspections		None		?
	Miscellaneous Fees		None		?
	TOTAL		Approx. $4,400-$12,200		?

*Appraisal fees are dependent on property type, location, and the required turn-around time. Prices subject to change without notice.
**Fee is waived if underwriting information is received within ten days.