Zillow Advice: Home Ownership - Own willing to cover closing costs? http://www.zillow.com/advice-thread/Own-willing-to-cover-closing-costs/345759/ Zillow Advice | Zillow Real Estate It is traditional in this ... http://www.zillow.com/advice-thread/Own-willing-to-cover-closing-costs/345759/ It is traditional in this area for the seller to pay some or all of the closing costs.&nbsp; The amount you would need would depend on the type of home loan you secure (FHA, VA or Conventional) and how the loan is structured by your lender.&nbsp;&nbsp; If you don't have a lender yet, it is best to interview a few and select one based on your comfort with the lender and the terms they offer for the mortgage.&nbsp; If it is a VA loan, you can get in with no down payment and the funding fee rolled into the loan.&nbsp;&nbsp; If it is an FHA loan you will need a 3.5% down payment as well as qualify for the loan.&nbsp; From there, once you know what your loan will cost you (closing costs and escrows) you are ready to structure an offer that will allow you to get as much of your closing costs and escrows paid by the seller while making an offer that will be acceptable to the seller.&nbsp;&nbsp; Call me for more details about how we should structure a deal like this to get you in with the least money out of your pocket as possible.&nbsp; <br/><br/>706-877-9349 cell Mon, 03 May 2010 19:50:00 GMT http://www.zillow.com/advice-thread/Own-willing-to-cover-closing-costs/345759/ 2010-05-03T19:50:00Z