3 responses to “When applying for a 30 year fixed rate mortgage can you have your closing costs included in the loan?”

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  src50 October 26th, 2009 at 00:27

  VAUGHN

  In today’s market, you can often get the seller to pick up most or all of the closing costs.

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  Paul in San Diego October 28th, 2009 at 04:55

  GARLAND

  That used to be pretty common when housing prices were going up. Lenders figured that, with pricing going up so fast, the house would soon be worth the amount of the mortgage plus the closing costs.

  These days, lenders won’t agree to do that, because housing prices are still falling. In fact, they sometimes don’t give you the full appraisal value when determining the loan amount these days, assuming that prices may still continue to fall.

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  Lisa L October 28th, 2009 at 21:29

  RICARDO

  You can try to get the seller to agree to pay the closing costs or your lender can pay them with premium pricing. Either way, you are the one who pays. If the seller pays, you pay more for the house. If the lender pays you get a higher rate.