What are the closing costs of Accessity loans?

Under $5,000, the closing cost vary. From $300 to $999, the closing cost is 5% of the loan amount. From $1,000 to $2,500, the closing cost is $50. From $2,501 to $5,000, the closing cost is $75. Accessity’s average closing fee on all loans over $5,000 is approximately 6.5%.  A portion of 2%-4% of this fee represents the loan guaranty or the loss reserve contribution. The remaining 3%-4% represents that administrative fee for processing the loan.