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.
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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.



What does it take to be eligible to apply for an FHA home loan? FHA requirements include details about income, credit rating and other factors, but before a loan officer looks at any of that information, an applicant has to meet the basics. Home Equity Conversion Mortgages, or HECM for short, are designed to help qualified borrowers take out an FHA guaranteed loan against the equity built up in their property. If you're currently thinking of getting an FHA home loan, now is a very good time to be filling out paperwork if you're hoping to take advantage of current, more lenient FHA policies and perks.



FHALoan is a private corporation, is not a government agency, and does not make loans.