Are closing costs included in the loan amount?
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Works at Microsoft, Lives in Redmond, WA
Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. ... The borrower also has the option to pay some closing costs out of pocket. In situations where the seller will pay some of the closing costs, another set of FHA loan rules comes into play.
2023-06-09 06:16:08
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Isabella Evans
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Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. ... The borrower also has the option to pay some closing costs out of pocket. In situations where the seller will pay some of the closing costs, another set of FHA loan rules comes into play.