FHA Requirements
Closing Costs and Allowable Charges
While FHA requirements define which closing costs are allowable as charges to the borrower, the specific costs and amounts that are deemed reasonable and customary are determined by each local FHA office. All other costs are generally not allowed and are usually paid by the seller when buying a new home, or paid by the lender when refinancing your existing FHA loan.

- Lender's origination fee
- Deposit verification fees
- Attorney's fees
- The appraisal fee and any inspection fees
- Lender's origination fee
- Cost of title insurance and title examination
- Document preparation (by a third party)
- Property survey
- Credit reports (actual costs)
- Transfer stamps, recording fees, and taxes
- Test and certification fees
- Home inspection fees up to $200
Allowed in an FHA refinance loan are wire transfer fees, courier fees, reconveyance fees, and fees to payoff bills.


FHA Loan Requirements

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FHA Loan Articles and Mortgage News
June 21, 2022 - FHA loans aren’t just for existing construction houses. There are also low down payment FHA loans that can help you build or renovate a home. An FHA One-Time Close mortgage is an option to consider, with its low 3.5% down payment requirement.
June 19, 2022 - The Department of Housing and Urban Development has announced more HUD funding to help Fair Housing agencies fight violations of the Fair Housing Act including illegal discrimination in the housing process. It’s the latest move in a wave of actions the agency has taken recently.
June 18, 2022 - FHA ARMs, also known as adjustable rate mortgages, can be useful in times of rising mortgage rates. The introductory rate is sometimes referred to as a teaser rate and may be lower than what you would be offered through a fixed rate mortgage.
June 16, 2022 - There are multiple phases to the homeownership journey. In the planning and saving stages, you’ll decide what kind of home to buy and what kind of down payment to make. Once you have reached the stage where you are actually ready to apply for the loan, do you know how that process works?
June 14, 2022 - The FHA and HUD have multiple programs to ensure fair housing. Recent initiatives announced in 2021 to address some of the issues are meant to better serve communities of color, first-time home buyers, and low-to-moderate income borrowers.