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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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April 30, 2017
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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
FHA Loan Employment Guidelines

March 31, 2017 - Are you worried about being denied an FHA loan because of a gap in employment? While FHA loan standards for employment in HUD 4000.1 are not the only standards that are recognized, it is good to know what FHA loan rules instruct the lender to do as a minimum.

Basic Eligibility Rules for FHA Mortgages

March 20, 2017 - Do you need help figuring out whether you are eligible for an FHA mortgage? It may be simpler than you think. FHA home loans are not just for a certain income level, and they are not just for first-time buyers, as we’ll see.

Qualifying for FHA Loans: Income and Family Leave

March 6, 2017 - FHA lenders trying to determine a borrower’s verifiable income, debt-to-income ratios and related issues often run into situations where a borrower has either a gap in employment or a circumstance that may appear to be a gap.

FHA Loan Fact and Fiction

February 22, 2017 - If you want to purchase a home with an FHA mortgage, there are a variety of options available to you including the types of property you can buy. You can choose to buy a suburban home, townhome, condo unit, mixed-use property, or a multi-unit property (up to four units). 

FHA Loan Limit Are Higher in 2017

January 25, 2017 - Those looking to purchase a home with an FHA mortgage loan in 2017 will be pleased to learn that higher loan guaranty limits apply in the new year. The FHA national loan limit ceiling increased in 2017 to $636,150.