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Lender Escrows

Help Topic 8241

Field Name

Definition/Description

County Tax

Property tax amount paid to the county. It is auto-filled from public records.

Municipal Tax

Property tax paid to the municipality. It is auto-filled from public records.

School Tax Escrow

Fee held by the lender to pay for future school taxes.

Homeowners Insurance

Fee held by the lender to pay for future homeowners insurance costs.

Condo/HOA Fee

Fees charged by the condo board. Include number of months and total monies required.

Mortgage Insurance

Monies owed, then given to the seller, to pay for future mortgage insurance fees that have already been paid.