Tennessee's closing costs among lowest in the country

Tennessee's closing costs among lowest in the country

August 4th, 2014 by The Tennessean in Local - Breaking News

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There's some good news out there for people looking to buy a home in Tennessee, according to a new study.

The average closing costs for a $200,000 loan in the state are $2,366, the second-lowest in the country after Nevada ($2,265), according to Bankrate.com.

Nationally, mortgage closing costs rose six percent over the past year and now average $2,539 on a $200,000 loan, according to Bankrate.com. Origination fees increased nine percent to $1,877 and third-party fees rose one percent to $662.

Read more at tennessean.com