Closing costs with an FHA mortgage loan…?

Home Forums Mortgage Loan Closing costs with an FHA mortgage loan…?

This topic contains 2 replies, has 2 voices, and was last updated by  admin 3 years, 8 months ago.

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  • #21380

    admin
    Participant

    I was recently approved for a FHA mortgage loan of up to $ 100,000. I have a few homes picked out around the $ 80,000 mark. With the closing costs, i read/heard that you have 3 choices. 1-pay normal closing costs. 2-roll the costs in on the mortgage. 3-have the seller pay for the closing. What are my true options? I obviously would love not to have to shell out thousands towards closing if I have several choices. Please don’t try to explain the old 3% changed to 6% because i don’t understand it. Break it down, please. I am a first time home buyer if that helps at all.

    #108215

    admin
    Keymaster

    Here i s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

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