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What is the verbiage on the sales contract to include closing costs in the loan amount?

Posted on: 01st Oct, 2009 04:25 pm
Just need to know how to word it in the contract. All of the interest rates are to be determined and it is an FHA Loan with 3.5% down.
Hi GirlFridayCasey!

Welcome to forums!

You can contact an attorney and he would help you in drafting the contract in such a way that it would state that the closing costs are included in the loan amount.

Sussane
Posted on: 01st Oct, 2009 08:48 pm
FHA allows some of the closing costs to be incloded in loan. others can be paid by seller & so indirectly can be included.
Posted on: 02nd Oct, 2009 12:21 am
i think before going to attorney you have to check details with lender
Posted on: 02nd Oct, 2009 12:25 am
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