FHA closing costs

when you buy a home, there is always a closing cost apart from the down payment. These closing costs are charged to the buyer and are considered allowable and these costs are necessary to close the loan.

The closing cost and other fees that you can finance in your mortgage are:

• Loan origination fees.
• Any credit report costs required for FHA mortgage.
• Appraisal fees which is used to determine home-value.
• Costs included with the title.
• Recording fees and taxes associated with the purchase of the home.
• Deposit verification fees.