No Closing Cost Mortgage

No Closing Costs Mortgage Banner

Tioga State Bank’s no closing cost mortgages* are a good option for people that have limited funds to bring to closing.

  • TSB pays all 3rd party closing fees.
  • Financing options available for both purchases and refinances.
  • Terms up to 30 years.


What are closing costs?

Closing costs are fees paid at the closing of a real estate transaction. Closing costs are typically between 3% – 5% of the loan amount. Third Party Closing Fees may include:

  • Underwriting Fee
  • Application Fee
  • Flood Determination Fee
  • Credit Report Fee
  • Appraisal Fee
  • Mortgage Recording Fee
  • Abstract Update or Title Search Fee
  • Settlement Fee
  • Tax Service Fee
  • Lender Title Insurance Fee
  • Mortgage Tax


Learn More or Get Started

*For mortgages with less than 20% down payment, Private Mortgage Insurance (PMI) is required and borrower is responsible for PMI premiums. If a borrower elects to obtain Owner Title Insurance, the borrower is responsible for the Owner Title Insurance premium. If a borrower selects an attorney to represent him/her, borrower is responsible for attorney fees. Should the No Closing Cost Loan be closed or discharged within the first three years, the Bank may collect the closing costs paid to third parties from the borrower which were waived when the loan was opened. Tioga State Bank will not pay for a survey, or any other item that is ordinarily paid for by the seller. Other fees/charges, if applicable are the responsibility of the borrower.