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I'm curious can I use part of my FHA loan towards the down payment or closing cost? Say I'm looking

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September 12 2013 - East Patchogue
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Seller concessions are, of course, up to the seller.  Many sellers will not contribute to closing costs.
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September 13 2013
6% Seller concessions for closing costs for an FHA loan but you can't use part of the loan to cover closing costs or down payment on a purchase.
 
-Brynn
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September 13 2013
You cannot use it for the down payment.  You need to put at least 3.5% down.  You can use a seller concession to cover most of your closing costs.

Tom Moser
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September 12 2013
You may be able to use a grant for your FHA downpayment.  Depends on your income and your state.
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September 12 2013

Down payment cannot be included. Seller concessions are allowed up to 6% for closing cost. 

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September 12 2013
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The down payment cannot be included in the loan.
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September 12 2013
 
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I'm curious can I use part of my FHA loan towards the down payment or closing cost? Say I'm looking
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Latest answer by wetdawgs
September 13 2013 | 6 answers
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