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No Closing Cost Mortgage

Step confidently into the realm of hassle-free homeownership.

Lower your out-of-pocket expenses the easy way

Experience competitive rates and a seamless mortgage process that eliminates the traditional closing expenses, allowing you to focus on the excitement of owning your home. RadiFi is committed to simplifying your homeownership journey, ensuring that financial ease accompanies the joy of acquiring your ideal residence. Explore the advantages of a No Closing Cost mortgage that lets you roll closing costs into your loan balance or rate*.

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On your terms

Choose a timeline that works for you and yours.

15, 20, and 30-year terms for fixed-rate loans are available**.

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No PMI Option Available

You may qualify for a lower monthly payment.

Ask about our No Private Mortgage Insurance option.

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Up To 100% Financing

Don’t have the large down payment? Don’t worry.

Inquire about 100% home financing today.

Who Pays What?

All of the costs and fees for a home sale or purchase are individually listed on a disclosure. Lenders call this the Closing Cost Details Disclosure, while title companies call this a Master Statement. Closing cannot take place until both of these forms match exactly. RadiFi will pay up to $5,000 in closing costs which includes the following:

  • Recording Fees

    Recording Fees

  • Transfer Taxes

    Transfer Taxes

  • Credit Report

    Credit Report

  • Flood Determination Fee

    Flood Determination Fee

  • Tax Service Fee

    Tax Service Fee

  • Title E Record

    Title E Record

  • Title Endorsement

    Title Endorsement

  • Title Lender’s Title Insurance

    Title Lender’s Title Insurance

  • Title Settlement Fee

    Title Settlement Fee

  • Title Search

    Title Search

  • Title Administration Fee

    Title Administration Fee

  • Property Appraisal

    Property Appraisal

  • Recording Fees

    Fee set by the county to update their records regarding the ownership of the property.

  • Transfer Taxes

    Paid to the state of Florida to transfer the name of the property tax records to the new owner.

  • Credit Report

    A flat fee paid to the company that supplies your full credit report.

  • Flood Determination Fee

    A flat fee paid to the company that researches flooding in the area to determine if you are in a flood zone.

  • Tax Service Fee

    Paid to a tax servicing company to monitor the annual property taxes to ensure that they are paid on time and in full.

  • Title E Record

    A nominal fee paid to the title company for electronic record keeping.

  • Title Endorsement

    Expands the coverage of a standard owner’s title policy, by removing exceptions or by adding coverage specific to the property’s situation.

  • Title Lender’s Title Insurance

    Paid to an insurance company that verifies that the title to the property is clear for transfer.

  • Title Settlement Fee

    A flat fee charged by the title company for the use of their time and resources to complete the transaction.

  • Title Search

    Fee paid to the company that researches the title to confirm that there are no outstanding liens against the property.

  • Title Administration Fee

    Paid to the title company for their services including wire transfer, overnight mail, electronic document storage, and processing fees.

  • Property Appraisal

    Conducted by a licensed property appraiser to determine the market value of the property using recent sales prices of similar properties in the area

How Much Does A Mortgage Cost?

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Mortgage Costs Paid by You

  • Points – This is a % of the loan amount paid at closing to get a lower interest rate over the life of the loan.
  • Electronic Document Delivery Fee – Usually a flat fee for the software used to securely send sensitive documents electronically. This saves you time and money since this is often less expensive than overnighting paper documents.
  • Prepaid Interest – This is the amount of interest that would be due between the closing date and the date of your first regular mortgage payment.
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Other Recurring Expenses of Homeownership

  • Homeowner’s Insurance – All lenders require a homeowner’s insurance policy to be in place for the duration of the mortgage.
  • Mortgage Insurance – This insurance is usually required until the amount of the loan is less than 80% of the property’s value.
  • Property Taxes – Are charged by the county and paid annually in November.
  • Homeowners Association Fees – If there are monthly or annual fees charged by your neighborhood any amount due between closing and the next scheduled payment would be due at closing.
  • Property Survey – Performed by a licensed surveyor, a property survey is a precise, to-scale map of your property including any structures.

Crunch Your Numbers

How much can you afford? Is now the right time to refinance? Run some numbers with our free calculators.

*The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The values shown are hypothetical and may not be applicable to your individual situation or guarantee extension of credit. Be sure to consult a financial professional prior to relying on the results.


We’re dedicated to empowering you, which fuels everything we do.

What an incredible mortgage experience! From pre-approval to closing, the entire mortgage team was stellar. They kept me well-informed, found ways to save me HUNDREDS of dollars and we even closed ahead of schedule! Truly remarkable customer service. Thank you, JAXFCU (now RadiFi)!

— Jo N., Member


While qualifications vary for specific mortgage programs, the 2 main things needed are:

  • a steady job with sufficient income to support your mortgage payment
  • a minimum credit score of 640.

Other lenders may go as low as 580, but will be more costly!

PMI stands for Private Mortgage Insurance. This insurance is usually required until the amount of the loan is less than 80% of the property’s value. This can be achieved 3 ways :

  1. a down payment of 20% of the purchase price
  2. an increase in property value due to renovations/upgrades
  3. over time with each payment.

There are some situations where this fee could be waived, so check with your mortgage professional to see if this option is available for your loan type.

The average closing time depends on the current market and the type of loan. It can take between 30-45 days from origination date after the application file is complete. During this time, an appraisal and inspection are usually conducted and homeowners insurance is purchased. Your mortgage originator can provide you with a more accurate timeline depending on your loan.

Meet with our Mortgage Expert

Ready to get started? Meet with our local, knowledgeable and trusted Mortgage Team to get answers to your questions and start the mortgage process now.

Shauna Thompson

Shauna Thompson

Mortgage Originator

Phone: 904-475-8065

NMLS #: 1908315

Taylor Luttrell MLO

Taylor Luttrell

Supervisor of Mortgage Origination

Phone: 904-475-8094

NMLS #: 1640229


Becoming a member of RadiFi is quick and easy. Whether you prefer to join online, by phone, or at one of our branches– we’re ready to welcome you.

Open a New Account
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*Our No Closing Cost Mortgage covers up to $5,000. Not all closing costs can be rolled into your loan.

**Loans for primary residences or second homes in Florida and Georgia only. The amount of the total costs paid may be limited by the loan amount and certain underwriting factors.

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