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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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March 25, 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

Why Your Lender Wants to See Your Tax Returns

March 20, 2019 - The home loan is a major investment, and lenders are required to exercise due diligence in making sure the borrower’s financial data is accurate and meets home loan approval standards. Reviewing your tax returns shows the lender the exact nature of income and employment.

Disability Income and Your First FHA Home Loan

March 18, 2019 - Borrowers who receive disability payments may  want to have those payments considered for real estate loan approval, but what is the FHA standard in this area? If your disability income has no expiration date you may be in a good position to have that income considered for your mortgage.

Yes and No Answers to Mortgage Loan Questions

March 14, 2019 - House hunters, real estate agents, first-time home buyers, and many others have questions about FHA home loans. Some of the answers to these questions are complex and require quotes from the FHA home loan rulebook, HUD 4000.1.

Credit Issues That Affect FHA Home Loans

March 12, 2019 - Believe it or not, FHA loan rules require the lender to consider each of these circumstances individually to determine whether past credit problems were due to circumstances beyond the borrower’s control or if they were caused by being a bad credit risk.

FHA Refinance Loans and Appraisal Results

March 11, 2019 - If you are interested in an FHA refinance loan, especially if you want a cash-out refinance where you can take equity out of your home in cash, the appraisal process will be a very important step. It is not an option for cash-out refis, FHA rehab refis, or other non-FHA Streamline loans.

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!