lender fees all due along with a down payment before moving in?

Ask the seller to pay all allowable closing costs, at the time you make your offer.

With regards to a FHA purchase (which requires 3.5% down and seems to be what you are referring to): the 3.5% downpayment is the required contribution. It is important to understand this as a contribution as the appraisal fee and the homeowner's insurance premium for the first year for example, can be included in the 3.5%.So if you write the offer with the seller providing a credit towards the buyer's closing costs and prepaid expenses and make sure the nominal amount covers these two ideas. You should then simply need to contribute 3.5% of the accepted offer. This should be your total cash outlay. In practice, you might need slightly more than this as it is difficult to make sure the seller credit covers everything exactly and to make the numbers work, but if you choose a competent lender, they should be able to make sure your total cash outlay is very close to 3.5%. This is the minimum you can get away with for a FHA purchase.With regards to the FHA insurance, there are two components. There is an upfront mortgage insurance premium. That currently is 1.75% of the base loan amount. The second component is the monthly mortgage insurance. This is dependent on the amortization term and the amount of the downpayment. The monthly mortgage insurance premium for a 30 year fixed with 3.5% down is currently 1.35%. This would be paid monthly and included in your regular mortgage payment. The servicer/lender is then responsible for dispersing the money from the escrow account to the FHA (Federal Housing Administration), which they do yearly.Hopefully this is helpful to you.

I agree with both answers previously provided in regards to this question.

All the fees related to obtaining a mortgage including for the lender, legal/title, prepaid and escrow costs (first year homeowners insurance, setting up your escrow accounts, etc) are all included at the closing. Many borrowers using FHA financing negotiate for the seller to pay all or some of the closing costs as part of the purchase agreement (usually means paying a little more for the house), and/or the lender can help with those costs by offering you a slightly higher interest rate which allows them to pay some of those costs for you. FHA insurance is a split premium with 1.75% added to your loan plus a monthly payment for the life of the mortgage. If you can come up with 5% down a conventional loan is a better option for some borrowers. Good luck!

There are multiple ways to handle paying closing costs. The most popular way is by having the "seller" pay