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I am tryin to purchase a HUD home for a price of $105,000. The closing costs seems excessive ??

My lender quoted $5500 and said it might be closer to $5000 but he didn't want to under quote us.  This seems very excessive on a 105k house.  I am in SC and the house qualifies for the 100% rural financing.  Can anyone offer any advice?  
  • July 28 2009 - Fountain Inn
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Answers (2)

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  • July 28 2009
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On the surface it does sound excessive. For a better response tell what fees stand out the most to you and what your rate is.


  • July 28 2009
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