Posted on: 17th Dec, 2013 11:35 pm
I am planning to buy my first property using a FHA loan. I am concerned about the closing costs. Will I be able to add the closing costs to the mortgage principal?
As far as I know, you will not be able to add your FHA closing costs to your mortgage principal.
You can have the seller's pay for closing costs up to 6%. We are happy to answer your mortgage questions, 7 days a week. Feel free to contact us at 800 315 8803.
No you can't add the closing costs to the principal of your mortgage loan.
No, you won't be able to add up the closing costs along with the mortgage principal.