Does USDA Loan have closing costs? Can it be wrapped in the loan itself?

Good evening! If the appraisal comes in higher than the purchase price, USDA does allow you to add some of the closing costs in. I would be happy to assist you with USDA. Kay at KC Mortgage - A Colorado Mortgage Company. 720-670-0124 kay@kcmortgagecolorado.com

Hi Jim, yes USDA does have closing costs. However, if your appraised value comes in higher than your purchase price you can roll in your closing costs on top of your purchase price up to 100% of the appraised value. You also have the option of paying for your closing costs through your interest rate. If you would like more information you can reach me at 303-521-7169 or loanofficerseanyoung@gmail.com, Best wishes, Sean

Yes, you can roll the closing costs into a USDA loan, if the appraised value comes in higher than the purchase price. The lender can also off set the closing costs by offering you a higher interest rate. I lend on USDA loans down to a 580 credit score nationwide. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803