Question 1

What are First Commerce's average closing costs?

Accepted Answer

Based on 120 homebuyer-submitted Closing Disclosures, First Commerce's median total closing costs are $4,270. This is about 30% above the $3,275 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.

Question 2

Does First Commerce charge junk fees?

Accepted Answer

None of the 120 Closing Disclosures we've analyzed for First Commerce included fees flagged as potentially excessive — a strong sign. That said, every loan is different. Fair Closing Check can review your specific disclosure to confirm there are no hidden charges on your loan.

Question 3

How do First Commerce's fees compare to other lenders?

Accepted Answer

First Commerce currently holds a grade of A on Fair Closing Check, placing them well below the national average — one of the most competitive lenders in our database. Their median closing costs of $4,270 are about 30% above the $3,275 national peer median. Grades are based on real homebuyer-submitted Closing Disclosures and scale from A (well below average) to F (significantly above average). This is informational only; individual loans vary by state, loan type, and borrower circumstances.

Question 4

Can I negotiate closing costs with First Commerce?

Accepted Answer

Yes — closing costs are almost always negotiable to some degree. Lender-controlled fees like origination, processing, and underwriting charges can often be reduced or waived, especially if you have a strong credit profile or are comparing offers from multiple lenders. Third-party fees such as title insurance and settlement services can sometimes be shopped around for better rates — you are generally entitled to choose your own providers. Fair Closing Check analyzes your specific Closing Disclosure and identifies which fees to challenge and how much room there is to negotiate. This is informational only and not legal or financial advice.

Question 5

How much do First Commerce's closing costs vary by state?

Accepted Answer

First Commerce's closing costs vary significantly by state. Based on the 2 states in our database with at least 3 reports, median total closing costs range from $3,773 in Georgia to $4,529 in Florida — a $756 spread. Variation reflects state-specific transfer taxes, title insurance regulation, attorney requirements, and recording-fee schedules rather than lender policy. See state-level data on this page to compare your own state. This is informational only and not financial advice.

Fee Category	This Lender (avg)	National Avg	Verdict
discount_points	$1,883	$2,319	🟢 Below Avg
Origination Fee	$1,245	$1,708	🟢 Below Avg
lender_credits	$168	$442	🟢 Below Avg

First Commerce

First Commerce Closing Cost Breakdown

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