If you get an FHA loan on a foreclosure are the closing costs less?

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One Response to “If you get an FHA loan on a foreclosure are the closing costs less?”

  1. bull_rooster_aardvark says:

    Not really, the closing costs on a foreclosure are usually about the same (maybe even a bit higher for extra inspections and stuff), FHA or not. VA loans are different (and non-veterans can buy VA foreclosures) but sounds like you are already working on a deal so this won’t help you.

    Of course if you are a first-time home buyer there is the $8000 one time federal credit and you can place that towards your closing costs.

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