Posted on: 30th Sep, 2013 11:27 pm
Is there a way through which I do not have to pay closing costs and get an USDA loan?
Hi Tampa!
Welcome to the forums!
All loans have closing costs. It is same with USDA. However, if you wish, you and your lender can negotiate with the seller and ask him to pay a part of the closing costs. They may not pay the full closing costs for you.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
All loans have closing costs. It is same with USDA. However, if you wish, you and your lender can negotiate with the seller and ask him to pay a part of the closing costs. They may not pay the full closing costs for you.
Feel free to ask if you've further queries.
Sussane
Welcome Tampa,
I agree with what Sussane has said. You may not be able to get a no closing cost loan. Even if you get, you should remember that the closing cost will be added to the original loan.
I agree with what Sussane has said. You may not be able to get a no closing cost loan. Even if you get, you should remember that the closing cost will be added to the original loan.