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#247251 - 08/30/08 07:08 PM fha closing costs
FULLHOUSE Offline
Junior Member

Registered: 08/27/08
Posts: 4
Loc: utah
Is there an average $ amount for fha closing costs? I am talking Utah if states matter.

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#247264 - 08/30/08 08:45 PM Re: fha closing costs [Re: FULLHOUSE]
Vermont Offline
Veteran Member

Registered: 04/12/08
Posts: 902
Loc: Glover, Vermont
As I recall, you are the Seller. My expectations would be that if you were here in Vermont, your only costs at Closing would be:

Preparation of a Warranty Deed;
Proration of the Real Estate Taxes;
Pay-Off of your existing Mortgage(s); and the most important item,
The Real Estate Commission (if there is an Agent involved).

When we speak of Closing Costs, these are typically borne by the Purchaser and may total 3 to 5 percent of the Purchase Price, in addition to the Down Payment. This is comprised of many separate items which would have been detailed out to the Buyer in a Good Faith Estimate early in the process.

Sometimes, Sellers agree to contribute towards the Buyers' Closing Costs; but that would have been a separate item of negotiation; and you would know what you had agreed to contribute towards, and how much.

Do you have an Agent involved who is working on your behalf?

There may be other small items to be paid by the Seller that are peculiar to Utah; but that is a general idea of what you should expect.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#250469 - 09/18/08 09:07 AM Re: fha closing costs [Re: Vermont]
Greg Phillips Global Moderator Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1117
Loc: Chillicothe, Ohio
Did you want the costs associated with the buyer or the seller?
_________________________
Greg Phillips
Manager
Fairfield Mortgage Company
"Servicing all 50 states"
Web: Home Forums Blog

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