First of all you do not need an attorney. This should be negotiated with the seller and put into your sales contract if they will do it.
Some sellers will pay part or all of the closing cost especially in today’s market.
As far as rolling the cosing cost into the FHA loan you should inquire of your mortgage broker or loan officer. There are some government programs are available for this.
Getting a FHA loan in Indiana is the same as getting a FHA loan in California.
I hope this has been of some use to you, good luck.
2011/12/15 at 00:04:38
You mean like borrow the money and roll it into loan then the answer it NO. Can the seller pay closing then the answer is YES.
2011/12/14 at 23:59:06
First of all you do not need an attorney. This should be negotiated with the seller and put into your sales contract if they will do it.
Some sellers will pay part or all of the closing cost especially in today’s market.
As far as rolling the cosing cost into the FHA loan you should inquire of your mortgage broker or loan officer. There are some government programs are available for this.
Getting a FHA loan in Indiana is the same as getting a FHA loan in California.
I hope this has been of some use to you, good luck.
“FIGHT ON”
2011/12/14 at 23:33:08
Nowadays, you can often negotiate with the seller to pay closing costs. Your realtor should be advising you on this.
2011/12/14 at 22:46:02
If it is going to cause the borrowed amount to be more than appraisal value, NO, you cannot do this.
2011/12/14 at 22:13:46
Ask your lawyer.
You do have a lawyer?
You are spending how many hundred thousand on the house and a lawyer costs how much?
2011/12/14 at 21:31:22
few of them; best bet is to negotiate to have the seller pay those
fees.
2011/12/14 at 21:22:31
yes you can