Can I roll closing costs into my loan?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
On a purchase, not directly — but you can cover them with seller concessions or a lender credit (a slightly higher rate for cash toward costs). VA lets you finance the funding fee.
On a refinance, closing costs can usually be added to the loan balance. For a purchase, we'll combine concessions and a lender credit to minimize your out-of-pocket cash.
Financing your closing costs
Rolling costs into the loan is easier on a refinance than a purchase. On a purchase, a lender credit usually does the job. You accept a slightly higher rate in exchange.
The appraisal and loan limits set what is possible. Not every deal leaves room to finance costs.
Deciding what fits in Florida
Low on cash but solid on income? Financing costs can bridge the gap. We show whether the higher rate is worth it.
We compare paying now versus rolling in. Bring your budget and we will run the exact numbers.