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Does a usda loan cover closing cost?

by bernardpogue953 from Gainesville, Florida. Mar 27th 2014 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Closing costs have to be paid.. they cannot be financed.. the seller can contribute to your closing costs effectively paying them for you, or you can choose a slightly higher interest rate and let your lender pay the costs.. or you can just bring enough cash to the table to pay them.. but regardless you cannot finance them.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 27th 2014
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Craig Prickett (cpmtgnow)
#159 ranked lender in Florida - 98 contributions

Yes, it must fit into the 100% mx ltv. Best way to do it is to have seller agree to pay the closing costs.. We can do your loan in Florida. Nationwide Lender. We don't sell the loan, we maintain the servicing

Mar 27th 2014
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Manny Lindo (mlindo625)
#220 ranked lender in Florida - 16 contributions

The answer is yes if the contract is structured correctly. Feel free to contact me so I can walk you through the process on how we can get this done.

Mar 28th 2014
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