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Answers (4)
- Andrew Adams, "203K Specialist"
- Contributions:9349
Through over par pricing, seller concessions or a higher loan amount....
The LTV is capped at 96.5% on a purchase and 97.75% on a refinance.
The LTV is capped at 96.5% on a purchase and 97.75% on a refinance.
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
Yes, with FHA you can include the closing costs in the loan. However, if you are able, it's better to pay for as much as possible out of your pocket. Financing closing costs is what got so many people upside down on their note when the market started to decline.
- Boraxo, "abrasive"
- Contributions:22
- Brent Mendelson, "EastCoastMortgages"
- Contributions:61
Yes but many of the rules are changing in just a few short weeks. Changing that is if you dont have an appraisal. As far as I know if you have an appraisal you may continue to roll in most of the closing costs..On my streamlines I have the borrower just bring one payment to the table so it's no monetary difference to you. Hope this helps.
can closing costs on fha loans be included in your loan
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