FHA Mortgage Closing Costs

» PayOption ARM

Appraisal Basics

Appraisal Methods

Needed to Obtain a Loan

Home Market Value

Other Reasons to Order an Appraisal

Helping the Appraiser

About Bankruptcy Process

Alternatives to Filing Bankruptcy

How to Avoid Foreclosure

Chapter 7 Bankruptcy

Bankruptcy and My Bills

Bankruptcy and Bill Collectors

Your Property and Assets

Your House and Car

Bankruptcy Questions & Answers

How to Improve Your Credit

Your Credit Report

Credit Scoring and How It Works

Credit Reporting Agencies

Other Credit Factors

Know About Your Credit Rating

Credit Inquiries

How to Fix Credit Report Errors

Steps After Being Denied a Loan

Improve Your Bad Credit

Bankruptcy Issues

Establish a Credit History

How to Prevent Identity Theft

» Down Payment

Low Payments and Insurance

Down Payment Loans and Gifts

Grants Never Repaid By Homebuyer

Qualify For Low Down Payment

Down Payment Assistance

State Housing and Finance Authorities

FHA Mortgage Insurance Program

FHA Mortgage Insurance Costs

FHA Escrow Refunds

Down Payment Gifts FHA Loans

FHA Mortgage Closing Costs

FHA Streamline Refinance Loan

FHA Single Family Rehab Mortgage

FHA Single Family Insurance Outlying Areas

FHA Adjustable Rate Mortgage

FHA Improvement Loan Insurance

FHA Energy Efficient Mortgage

FHA Reverse Mortgage

» Interest Rates

Factors Affect Your Mortgage Rate

Annual Percentage Rate

Lock In Your Interest Rate

Closing Costs Explained

Should I Pay Points

Monthly Interest Rate Newsletter

Market Snapshot

Market Commentary

Mortgage Calculations by Hand

» Loan Programs

Choosing a Loan Program

Conventional and Jumbo Loans

Second Mortgages and Home Equity Credit

Fixed Rate Mortgages

Adjustable Rate Mortgages

Introductory Rate ARMs

Standard ARMs and Differences

Balloon Mortgages

Interest Only Loans

Graduated Payment Mortgages

Interest Rate Buydowns

Commercial Loans

Refinance Considerations

Refinance Once Then Do It Again

Build Home Equity Faster

Get Your Hands on Some Cash

Trade Your ARM for a Fixed Rate

Mortgage Refinance Costs

Analyze Your Savings

Paying Points for a Lower Rate

Your Personal Income Taxes

Consider Other Programs

» Reverse Mortgages

Relocation Considerations

Top Ten Relocation Headaches

Relocation Issues for Kids

Home Buyer Checklist

Select a Relocation Professional

Before You Relocate

After You Relocate

Certificate of Eligibility

Eligibility Requirements

Eligibility Questions

Financing Benefits

VA Loan Purpose

Obtaining a VA Loan

Restoration of Entitlement

VA Loan Questions & Answers

Click to verify BBB accreditation and to see a BBB report.

FHA Mortgage Closing Costs

Residential Finance Corp :: Articles :: Market Snapshot

What Are Closing Costs?

There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following:

Attorney's or escrow fees (yours and your lender's if applicable)
Property taxes (to cover tax period to date)
Interest (paid from date of closing to 30 days before first monthly payment)
Loan origination fee (covers lender's administrative costs)
Recording fees
Survey fee
First premium of mortgage insurance (if applicable)
Title insurance (yours and your lender's)
Loan discount points
First payment to escrow account for future real estate taxes and insurance
Paid receipt for homeowner's insurance policy (and fire and flood insurance if applicable)
Any documentation preparation fees

Get Expert Advice

Call 877-473-2728
RFC has access to a full range of mortgage sources and all of our lending officers are dedicated to finding you the right loan - with the best rates, terms and costs - to meet your unique needs.
» Get Started

Expert advice on ARMs

Get the real skinny on when ARMs are the right choice. Let RFC help paint a more complete picture of how Adjustable Rate Mortgages fit into the range of options available for you today.
» Get Started

Home | Reverse Mortgage | Mortgage Refinancing | Mortgage Rates | Pay Option ARMs | Legal
© 2006 Residential Finance Corporation | Privacy Policy | Data Privacy Policy | Site Map

Residential Finance Corporation is abbreviated as RFC throughout this internet site. Residential Finance Corporation
is not affiliated in any manner with Residential Funding Corporation, which also is abbreviated as RFC.