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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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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.

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.

FHA Loan Requirements

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FHA Loan Articles and Mortgage News

How to Pay Your Closing Costs

January 25, 2022 - There are a number of ways you can pay for the closing costs of your FHA home loan. Closing costs can include any discount points you are paying to lower your interest rate, appraisal fees, property taxes, and other expenses.

Allowable Sources for FHA Home Loan Down Payments

January 22, 2022 - Here’s a list of general down payment questions related to FHA home loans. In each case, the answer is informed by the FHA Lender’s Handbook, HUD 4000.1 but all borrowers should know that additional lender requirements may also apply.

Home Loan Approval, Credit Issues, and Credit Repair

January 18, 2022 - Despite their promises, nobody can remove accurate data from your credit report that is not outdated. That’s the lure some third-party credit repair companies use to get your money. Did you know there are many things you can do to improve your FICO scores yourself?

Fair Housing Laws: Know Your Rights

January 17, 2022 - Most people generally seem to understand that you cannot be discriminated against for your race, religion, gender, or national origin when you look for an FHA mortgage. This is true at all stages of the housing process whether you seek an FHA loan, conventional mortgage, or even rental housing.

FHA Home Loan Myths in 2022

January 16, 2022 - Our headline is a bit disingenuous because the myths we’re discussing prevail in every calendar year one way or another. Most times, when people make assumptions about FHA loans, it often has to do with being or not being a first-time homebuyer.