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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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December 10, 2016
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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.

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 Articles and Mortgage News

Read About FHA Requirements, Updates, and Guidelines
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Some common questions about FHA single family home loans include whether or not an FHA single family mortgage can be used for house flipping. These properties are often distressed upon purchase, and rehabbed to be sold at a significant markup.

FHA Appaisals And Mold Issues

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FHA Amends Rehab Loan Policies

In August 2016, the FHA issued a press statement announcing amended policies for the FHA 203(k) Rehabilitation Mortgage Insurance Program. The policies were specifically changed regarding the 203(k) Consultant Draw Inspection Fee.