Zillow Advice: Buying Process - Can i ask fannie mae for a little closing cost even we are now under contract and about to do our in http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ Zillow Advice | Zillow Real Estate The short answer is "maybe". ... http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ The short answer is "maybe". It depends on who all is involved and who your agent is in the transaction. If you could give some more info, I could steer you in the right direction. Mon, 19 Aug 2013 13:30:00 GMT http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ 2013-08-19T13:30:00Z I saw your post with more ... http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ I saw your post with more information.  If the seller is HUD, then renegotiation after the fact is problematic.  Also, I would have to assume that the contract is AS IS, so you do not have repairs to negotiate with either?  Likely there are other bids and you won the bid because of the final NET to HUD.  Plus if you overbid, then you are likely over the appraisal amount already. Sat, 10 Aug 2013 20:40:00 GMT http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ 2013-08-10T20:40:00Z No, you can't contact Fannie ... http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ No, you can't contact Fannie Mae.  Sat, 10 Aug 2013 20:37:00 GMT http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ 2013-08-10T20:37:00Z Fannie Mae allows closing ... http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ Fannie Mae allows closing costs asistance, but the $$$ comes from the Sellers final funds.  You would negotiate this with the seller.   It would be an addendum to the contract, if the seller agrees to it.  You have agreed to terms that gives the Seller a certain net. Likely, they won't want to make a change that affects that. You could increase the purchase price by 3k so they could give you 3k in closing costs and it would not affect their final net, but the home would need to appraise for the higher amount.  OR if there ends up being a lot of repairs, you could ask for closing cost funds in lieu of repairs.   Sat, 10 Aug 2013 20:32:00 GMT http://www.zillow.com/advice-thread/Can-i-ask-fannie-mae-for-a-little-closing-cost-even-we-are-now-under-contract-and-about-to-do-our-in/506217/ 2013-08-10T20:32:00Z