HomeGain on Facebook HomeGain on Twitter HomeGain on LinkedIn HomeGain on YouTube

Closing costs on usda mortgage

want to know whatr i should expect for a 130000 property and no money down for closing cost?
By sissyarrows6789896 from IN Sep 12th 2014
Powered by:

There are closing costs, and those costs will vary depending on your area.. the best person to answer this question would be your Realtor or lender.. USDA allows you to do 100% financing, and they will also finance the 2% funding Fee for a total of 102%, but the closing costs have to be paid.. typically, they can be paid by the seller in the form of contributions.. your lender can also help pay for those costs.. even your real estate agent can kick in.. knowing all this, the best advise i can give you would be to to contact a LOCAL mortgage broker and apply with them. By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sep 12th 2014

Searching Today's Rates...


HomeGain offers free real estate tools and services to compare real estate agents, research home prices, and view homes for sale, foreclosures, new homes, and rentals. HomeGain provides real estate information including articles on home buying, home selling, and mortgage rates. HomeGain's quarterly home values surveys are a hit with the top media sources, realtors, and home buyers and sellers. Did you know, HomeGain pioneered the original online home value estimates tool back in 1999?