Posted on: 04th Aug, 2009 08:40 am
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.
jk9999
You can finance the closing cost
Good luck and feel free to ask
You can finance the closing cost
Good luck and feel free to ask
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
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
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.
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.
However you do have to pay the 3.5% down payment no matter what.
