Fort Bend Offers Lowest Closing Costs in Houston Area
May 30, 2016

When it comes to keeping closing costs down, it’s as important to know where to buy as knowing when. Costs vary from state to state and county to county. Fortunately, Fort Bend buyers pay some of the lowest closing costs in the Houston area, according to a new report.

SmartAsset, a New York-based financial technology company, ranked the county No. 6 in Texas on its annual list of top 10 counties with the lowest closing costs. Fort Bend ranked No. 8 last year.

Closing costs are the fees paid when the title to the property is transferred to the buyer. These cost are payable at the time of the transaction — often in cash — and include items such as mortgage application fees, points, recording costs and a host of other charges.

To determine the estimated closing costs in each county, SmartAsset assumed a 30-year fixed mortgage with a 20 percent down payment, then added up the mortgage tax, transfer tax and other fixed and variable fees and compared them to the median home value in each county. It then ranked the top 10 counties in each state with the lowest closing costs as a percentage of a median home’s value.

Closing costs in Fort Bend represent a mere 1.9 percent of a median home’s value — much lower than the state’s overall 2.5 percent average. Homebuyers in the county —which covers several municipalities, including Katy, Missouri City and Sugar Land — pay on average $3,636 in closing costs.

This is good news for buyers looking for homes in some of the most-highly regarded master-planned communities in Fort Bend, including Riverstone and Sienna Plantation. Lower closing costs means less stress on buyers’ checking accounts and more time enjoying their new homes.

To read the report, visit

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