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jk9999 · Joined: 15 Jul 2009 Posts: 111 1.82 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?Thanks.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

jk9999

You can finance the closing cost

Good luck and feel free to ask

smithsussane · Posted: Tue Aug 04, 2009 11:53 pm Post subject:

Hi jk!

Welcome to forums!

As far as I know, you will have to pay the closing costs at the time of closing. It may depend upon your lender whether or not he would include the closing costs in your FHA loan. Most lenders would want you to pay the closing costs upfront.

Sussane

ashleyblanton · Posted: Wed Aug 05, 2009 10:50 am Post subject:

JK, yes, you can roll the closing costs into the loan only if the LTV will allow. I have never run into a lender that doesn't allow you to do this.

livinginnky · Posted: Wed Aug 05, 2009 12:53 pm Post subject:

Ashley is correct, you can roll them in as long as the Value for the property is there...

However you do have to pay the 3.5% down payment no matter what.

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