– You can choose to have the lender pay the closing costs, known as a low-cost or zero-closing cost loan. Choosing this option saves you the.
Closing costs are a fee charged for various items the lender charges. These fees are an additional cost that is added onto the amount of the loan. FHA does allow closing costs to be paid by the seller. A friend or relative can also gift the closing cost amount to the borrower. Can you roll in closing costs on a FHA loan? Yes. Typically the.