All mortgage loans have loan closing costs – it’s a part of doing business. FHA loans typically have closing costs between 2 and 5 percent of the loan amount. On a $200,000 loan, closing costs may be $4,000 to $10,000.
Each lender sets its own closing costs. In general, borrowers pay:
Closing costs are the borrower’s responsibility, but there are ways to get help.
I have many years of experience working with FHA borrowers. I’d be happy to walk you through the FHA loan closing costs so you understand the costs and your options to pay them.Purchase Qualifier Refinance Rate Checker