Can you include closing costs into a FHA loan?

Posted on Sep 18, 2012 in FHA Information

by telwink

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Question by aginzo: Can you include closing costs into a FHA loan?
I am buying my first home here in Orlando, sildenafil Fl and I was told you can finance your closing costs within your FHA loan. Does anyone know out there that has come into this situation? Any Florida mortgage brokers out there?

Best answer:

Answer by Sw33tz
yes, you can. =)

Add your own answer in the comments!

5avg.rating 29 votes.


  1. Yes, but it is more common for the contract to read that the SELLER pays your closing costs/down payment assistance. “Seller to pay up to 6% of the purchase price for down payment assistance and closing costs/prepaids”.

    I closed a handful of FHA purchases last month. The buyers put about $ 1000-$ 2000 into the homes ($ 350 appraisal, $ 25 credit, $ 250 home inspection, $ 500 earnest $ ) and walked away with keys to a home with $ 15000 – $ 25000 in Equity!

    Get qualified with a mortgage professional (paystubs/W-2s/bankstatements) and get yourself an LSR backed up by an automated approval (AU).

    Best of luck!

  2. Some of the costs associated with closing can be financed. Other closing costs can be paid by the seller. I have a long list of which ones can and cannot but the bottom line is that it is possible to get into a home at this time with little or no money down using FHA and a combination of seller concessions and down payment assistance.

    I lend in Florida and can help you with this. Email me and we can go over your scenario.

  3. Thanks for this post. I have a hard time finding good content related to this subject when searching most of the time.

  4. Great introduction and information on home loans.