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marklavender1 · Joined: 13 Sep 2009 Posts: 120 -0.14 Dollars($)

Can closing costs be financed into an FHA loan, or do they absolutely have to be paid at the time of closing? Or does this vary by lender?

jveenstra · Posted: Tue Oct 06, 2009 9:33 am Post subject: Closing Costs

You need to make a minimum down payment of 3.500% for the FHA mortgage. Closing costs can not be financed into the FHA mortgage.

Closing costs can be paid in several ways in full or a combination of the following:

1. You pay them
2. At the time of the purchase contract, ask the seller to pay up to 6% of the purchase price toward closing costs
3. The lender may be able to increase the mortgage interest rate and pay some of the costs.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Try this and there is different discussion

http://www.mortgagefit.com/fhaloan/closing-costs.html

dollylee9 · Joined: 19 Jul 2009 Posts: 63 -0.14 Dollars($)

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kashifmahmood0703 · Joined: 18 Oct 2009 Posts: 4 -2.15 Dollars($)

minimum requirement is 3.5% of FHA mortgage...

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