FHA has set limits on the closing costs. Their limits may be lower than your actual costs. The seller of a property can pay up to 6% of the purchase price for buyer closing costs, so this may be something you will have to negotiate when you purchase the home.
Appraisal Costs – $350.00
Credit Reports – Actual Costs
“Customary” and “reasonable” costs to closing a mortgage
Origination Fee – 1% of the loan
