Texas homebuyers pay highest closing costs in the nation but there are ways to save (Culture Map)

Photo Courtesy of Culture Map

Photo Courtesy of Culture Map

By Jennifer Chininis

Houston homebuyers have it rough these days. Not only are they faced with a dearth of inventory, which drives up sales prices, they have to pay out the nose in closing costs.

In fact, closing costs in Texas — including lender’s origination fees and third-party fees such as appraisal — are the highest in the country, according tot he 2014 survey by Bankrate. For a $200,000 mortgage, they average at least $3,046 — and we say “at least” because, as Bankrate notes, these charges do not reflect the most highly variable costs such as title insurance, title search, taxes, other government fees and escrow fees.

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