If you plan to move soon, you might be better off with a loan that had a slightly higher rate but fewer points. You may have to pay to have your lot surveyed, especially if there is a question about the boundaries. The cost will depend on the complexity of the survey. Because title is changing hands, the transaction must be recorded with your city, county or other appropriate branch of government. The fee covers administrative costs.
Some jurisdictions levy taxes on the transfer of property or real estate loans.
Your builder may have already paid the annual property taxes on your new home or filled up your fuel tank. When title changes hands, you must reimburse the builder for a proportional share of the taxes, any fuel that remains in the tank, and any other prepaid costs. A title search involves having someone look through public records to see if anyone else has a claim to your property. A lender does not want to lend you money only to learn in the event of foreclosure that somebody other than you has a prior claim to the property. For a one-time premium at closing, title insurance will clear up title problems, pay the lender's legal expenses for defending against an attack on title, or pay claims on property the lender may lose.