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what are non-recurring costs back from the seller to the buyer?

by jim.clucci19 from Apple Valley, California. Sep 6th 2014 Reply

Joseph Afonso (jafonso)
#65 ranked lender in Arizona - 196 contributions

Fees that are paid once and never again are called non-recurring. Feel free to contact me if you have any other questions 602-531-7040 or

Sep 6th 2014
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,232 contributions

Not 100% sure what/why you are asking, as a buyer you would reimburse the seller for expenses they have already incurred - such as taxes paid in advance, or HOA dues. This is done through a credit at closing. The buyer also "reimburses" the seller in a similar way for expenses the seller has already paid in advance.

Sep 6th 2014
Bert Carpenter (BertCarpenter)
#39 ranked lender in Arizona - 1,815 contributions

Non-recurring charges are those charges that only occur once in a mortgage. Examples would include Lender loan charges, such as processing, underwriting, Doc Prep, Flood certification and Credit Report charges. Other non-recurring charges would include the Title Company and Escrow Company charges. Recurring charges would include things like Homeowner's insurance premiums, Homeowners' Association Assessments, Property taxes and Mortgage interest. Your question appears to relate to a seller credit to the buyer for non-recurring charges. In many transactions, the seller will provide a credit to the buyer for non-recurring charges. This prevents the buyer from using the seller's credit to pre-pay for insurance coverage or Homeowners' Association dues, and other charges that will occur in the future. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California, Arizona and Washington ~ 888-889-9950

Sep 7th 2014
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,360 contributions

The costs involved in originating a mortgage are necessary, however some of those costs you only pay once, called "Non-recurring". Examples would be mortgage interest and mortgage insurance. Other fees are paid quarterly like Hoa fees and annual fees for things like taxes and homeowners insurance. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714

Sep 8th 2014
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