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FHA defines 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.

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May 23, 2019
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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 exising FHA loan.

FHA Closing Costs
  • 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.

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FHA Loan Articles and Mortgage News

Difference Between Co-borrower and Cosigner for FHA Loans

May 21, 2019 - If you're applying for an FHA home loan, you aren't forced to apply and be responsible for the debt all by yourself. FHA rules allow a co-borrower or cosigner to apply alongside the borrower.

FHA Loan Rules for Borrowers After Filing Bankruptcy

May 20, 2019 - In a tough economy borrowers worry about bankruptcy, foreclosure, and the effects such issues can have on the ability to borrow. So, what is the required waiting period for new FHA home loans after filing bankruptcy or foreclosure?

One-Time Close Loans: Planning The Right Home for You

May 18, 2019 - If you are contemplating having a home built from the ground up for you using an FHA One-Time Close construction loan, or a USDA equivalent or even a VA One-Time Close construction loan, there are many things to consider in the planning and design stages.

Take the Guesswork Out of Your Home Loan

May 17, 2019 - Do you need answers about pressing home loan questions such as how much your estimated down payment will be, how much you could pay on a monthly mortgage, and how much your seller is allowed to contribute toward your closing costs?

The Home Buying Mistake You Should Never Make

May 15, 2019 - There is a major home buying mistake you should never, ever make when considering the purchase of a piece of real estate. When you make an offer on a home and are serious about purchasing that particular piece of property, an appraisal is required. Don't skip it.

FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!