Affiliated Business Arrangement Disclosure Statement
This is to give you notice that Seller has a business relationship with K. Hovnanian American Mortgage, L.L.C. (“Lender”). The nature of the business relationship is that Seller and Lender are corporate affiliates, each being 100% wholly owned by, or by a subsidiary of, Hovnanian Enterprises, Inc. Because of this relationship, this referral may provide the Seller a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for purchase of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
LENDER
| Settlement Services | Charge or Range of Charges |
|---|---|
| Origination Fee | $0 to 2% of loan amount |
| Discount Fee | $0 to 4% of loan amount |
| Application Fee | Up to $1,695.00 (Only in NJ and Veteran Affairs loans) |
| Underwriting Fee | Up to $800.00 (Except in NJ and Veteran Affair loans) |
| Processing Fee | Up to $800.00 (Except in NJ and Veteran Affair loans) |
| Appraisal Fee | $520.00 to $2,000.00 |
| Credit Report Fee | $205.00 to $410.00 |
| Final Inspection Fee | $180.00 to $350.00 |
| Courier Fee | $95.00 (Except in NJ and Veteran Affair loans) |
| Administration Fee | $105.00 (Except in NJ and Veteran Affair loans) |