Question 1

What are Presidential Bank Mortgage's average closing costs?

Accepted Answer

Based on 2,984 homebuyer-submitted Closing Disclosures, Presidential Bank Mortgage's median total closing costs are $7,763. This is about 138% above the $3,257 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 Presidential Bank Mortgage charge junk fees?

Accepted Answer

1% of Closing Disclosures we've analyzed for Presidential Bank Mortgage included at least one fee flagged as potentially excessive. Origination Fee fees stand out in particular, averaging $4,099 compared to a peer average of $1,635. "Junk fees" are charges that are inflated beyond what comparable lenders charge or that provide little discernible value to the borrower. Upload your Closing Disclosure for a line-by-line analysis of your specific loan. This is informational only and not financial or legal advice.

Question 3

How do Presidential Bank Mortgage's fees compare to other lenders?

Accepted Answer

Presidential Bank Mortgage currently holds a grade of C on Fair Closing Check, placing them near the national average for comparable lenders. Their median closing costs of $7,763 are about 138% above the $3,257 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 Presidential Bank Mortgage?

Accepted Answer

Yes — closing costs are almost always negotiable to some degree. Based on our data, Presidential Bank Mortgage's origination fee (avg $4,099 vs $1,635 peer avg) and underwriting fee (avg $1,551 vs $1,512 peer avg) have both run above comparable lenders — making them the most important fees to challenge. 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

What fees on Presidential Bank Mortgage's Closing Disclosures run above peer averages?

Accepted Answer

Across homebuyer-submitted Closing Disclosures for Presidential Bank Mortgage, three fee categories tend to run above comparable lenders: origination fee (avg $4,099 vs $1,635 peer avg, +$2,464), discount points (avg $3,805 vs $1,908 peer avg, +$1,897), and lender credits (avg $1,292 vs $358 peer avg, +$934). These are the line items most worth scrutinizing or challenging on your own disclosure. "Junk fees" is industry shorthand for charges that are inflated beyond the peer norm or provide little discernible value — the CFPB recommends shopping title, settlement, and pest-inspection services independently when possible. This data is informational only and not financial advice.

Question 6

How much do Presidential Bank Mortgage's closing costs vary by state?

Accepted Answer

Presidential Bank Mortgage's closing costs vary significantly by state. Based on the 38 states in our database with at least 3 reports, median total closing costs range from $3,786 in Indiana to $16,357 in California — a $12,571 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
Origination Fee	$4,099	$1,635	🔺 High
discount_points	$3,805	$1,908	🔺 High
Title Insurance	$3,258	$3,301	🟡 Average
Underwriting Fee	$1,551	$1,512	🟡 Average
lender_credits	$1,292	$358	🔺 High
Appraisal	$1,112	$1,096	🟡 Average
Settlement/Closing Fee	$1,033	$1,008	🟡 Average
Processing Fee	$809	$822	🟡 Average
Title Search	$412	$400	🟡 Average
Recording Fee	$356	$353	🟡 Average
Rate Lock Fee	$350	$342	🟡 Average
Document Preparation	$156	$158	🟡 Average
Tax Service Fee	$135	$133	🟡 Average
Credit Report	$73	$70	🟡 Average
Wire Transfer Fee	$73	$70	🟡 Average
Courier/Delivery	$62	$60	🟡 Average
Flood Certification	$25	$24	🟡 Average

Presidential Bank Mortgage

Presidential Bank Mortgage Closing Cost Breakdown

Compare with similar lenders

Continue your research

Borrower Reviews

Frequently Asked Questions

Related Guides