Can I include closing costs in my loan?
On a purchase you generally can't roll closing costs into the loan, but you can cover them with seller concessions or a lender credit (a slightly higher rate in exchange for cash toward costs). VA allows the funding fee to be financed.
On a refinance, closing costs can usually be added to the new loan balance. For purchases, we'll structure concessions or a lender credit so you bring far less to the table.
Rolling costs into the loan
Sometimes you can finance closing costs instead of paying cash. Refinances allow it often. Purchases are trickier and depend on the appraisal and program.
A lender credit is the common route on a purchase. You take a slightly higher rate and the lender covers some costs.
Keeping cash in your pocket in Florida
Short on cash but strong on income? Financing costs can help. We show whether it makes sense for your numbers.
We compare paying costs now versus rolling them in. Bring your budget and we will run both side by side.
Verify the details for your own situation against these government and agency sources: CFPB private mortgage insurance guide and CFPB Owning a Home guide.