Sentences with phrase «as allowable closing costs»

We've been in close contact with the secondary market agencies as they developed these guidelines, and we're encouraged that they've provided clear guidance to mortgage servicers on important issues such as allowable closing costs and real estate commissions.

These closing costs are known as allowable closing costs.

Not exact matches

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3 % down payment — and they can even finance «allowable» closing costs.

While FHA defines which closing costs are allowable as charges to the borrower, the specific costs and amounts that are deemed reasonable and customary are determined by each local FHA office.