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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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January 17, 2020
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

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

Applying for a One-Time Close Construction Loan in 2020

January 9, 2020 - FHA One-Time Close construction loans are intended to help those who want to own and occupy a home to build from the ground up on their own land. There is also a VA loan equivalent to the FHA construction loan that, starting in 2020, features no down payment.

Mold-Related Issues and FHA Loans

January 8, 2020 - FHA home loan issues can and do include mold. Not every home for sale is a new construction house presumably built free of mold, some houses may require extensive mold abatement depending on age, environmental factors, and related issues.

FHA Loan Limits for 2020: Going Up in a Housing Market Near You?

January 7, 2020 - FHA loan guaranty limits are higher again in 2020. This comes after last year’s increase in loan limits and a fairly good year for mortgage interest rates. FHA loans have loan guaranty limits that help establish the maximum loan possible for a given market.

Six FHA Loan Tips You Need Today

January 2, 2020 -  Did you know FHA mortgages are not limited to first-time home buyers or those who have never owned property before? It’s true--you don’t need to have a financial need or be a first-time buyer to qualify.

FHA Loans and Your Monthly Mortgage Payment

January 1, 2020 - Not all home loan transactions involve the same expenses, and depending on the lender, you may find certain companies may omit or consolidate certain costs, or that the costs are labeled differently but have the same or similar expectations.