FHA Closing Costs

FHA Allowable Costs Charged to the Borrower

The FHA defines allowable closing costs that may be charged to the borrower. These costs are determined as reasonable and customary by each local FHA office.

All other costs in the transaction are considered non-allowable and generally paid by the seller when purchasing a new home or by the lender when refinancing your current FHA mortgage.

• The appraisal fee and any inspection fees
• Actual cost of credit reports
• Lender's origination fee
• Deposit verification fees
• Home inspection service fees up to $200
• Cost of title examination and title insurance
• Document preparation (by a third party not controlled by the lender)
• Property survey
• Attorney's fees
• Recording fees, transfer stamps and taxes
• Test and certification fees, water tests, etc.

Allowable in a refinance

• Courier fees
• Wire transfer fees
• Fees to payoff bills
• Reconvayance fees