FHA defines allowable closing costs that may be charged for the FHA loan to the borrower. These costs are determined as reasonable and customary by each local FHA office.


GET an FHA LOAN

What is an FHA Loan?

FHA Loans

FHA Refinance

Obama Mortgage

Hope for Homeowners

Streamline Refinance

FHA Foreclosures

FHA PROGRAMS

FHA Fixed Rate

FHA Adjustable Rate

Graduated Payment

Growing Equity

Energy Efficient

Condominium

FHA GUIDELINES

FHA Limits

FHA Closing Costs

Mortgage Insurance

Debt to Income Ratios

FHA Credit

FHA Requirements

Down Payment Grants

FHA Loan Questions

FHA GRANTS

AmeriDream

Nehemiah

HART

Partners in Charity

Family Home Providers

Futures Home Assistance

Genesis/Grant America

Newsong

Responsible Home

Quickdown

American Family

ABOUT OUR COMPANY

About FHALoan.com

Corporate Contacts

Privacy Policy

FHA Loan Site Map

Equal Housing Lender

FHA Closing Costs

FHA Allowable Costs Charged to the Borrower

The FHA defines allowable closing costs that may be charged to the borrower. These costs are determined as reasonable and customary by each local FHA office.

All other costs in the transaction are considered non-allowable and generally paid by the seller when purchasing a new home or by the lender when refinancing your current FHA mortgage.

  • The appraisal fee and any inspection fees
  • Actual cost of credit reports
  • Lender's origination fee
  • Deposit verification fees
  • Home inspection service fees up to $200
  • Cost of title examination and title insurance
  • Document preparation (by a third party not controlled by the lender)
  • Property survey
  • Attorney's fees
  • Recording fees, transfer stamps and taxes
  • Test and certification fees, water tests, etc.

Allowable in a refinance: courier fees, wire transfer fees, fees to payoff bills, reconveyance fees.

FHA LOAN QUESTION # 6   [ -more FHA questions- ]

Q: What happens if interest rates decrease and I have a fixed rate loan?

A: If interest rates drop significantly, you may want to investigate refinancing. Most experts agree that if you plan to be in your house for at least 18 months and you can get a rate 2% less than your current one, refinancing is smart. Refinancing may, however, involve paying many of the same fees paid at the original closing, plus origination and application fees.

FHA Loan Rates
Refinance Averages
for 2/09/2010
15 Year Fixed
No Points
Low Interest
Best APR
30 Year Fixed
No Points
Low Interest
Best APR

Call Today!

(800) 237-1088

powered by
Quicken Loans

FREE CREDIT REPORT
Do you know what's on your credit report?

FREE credit report and score with
7 day trial!

FHALoans.com is a private company specializing in FHA financing and is not a government agency.


FEATURED SITES:

Military Hub
Helping you make the best financial choices, build wealth, and save money during and after your military service.

-- Military Insurance
-- Military Pay
-- GI Bill Education
-- Military Finance

VA Loans
Offering VA loan products that meet the home financing needs of active duty military and veterans across the country.

-- VA Loan Limits
-- VA Loan Refinance
-- VA Loan Guidelines



Refinance with an
FHA HOME LOAN

with no credit check


LOAN PURPOSE

FHA FORECLOSED HOMES
7-DAY FREE TRIAL

Find homes at 50% below market value. Search now for free!


SELECT STATE
- or -
ENTER ZIP CODE



Copyright © 2001 - 2010    FHALoan.com   All Rights Reserved