Pasadena Real Estate

Yesterday, I outlined FHA NON Allowable expenses for a seller to be aware of when considering an offer from a buyer using FHA financing.

READ MORE:  What Pasadena Sellers need to know about FHA Loans - Part I

Today, I wanted to provide both the Pasadena sellers and Pasadena buyers with a list of items that FHA ALLOWS buyers to pay for.  So, with no further ado, here it is:

• BASE Escrow Fees
• Title Insurance ALTA
• FHA Appraisal Compliance Inspection Fee
• 1% loan Origination Fee
• FHA MIP premium
• Loan Discount Points
• Credit Report Fee (Actual Cost)
• Appraisal Fee (Actual Cost)
• Interim Interst
• Hazard or Flood Insurance Premiums
• Reserves for Taxes and Insurance
• Notary Fee $10 per signature
• Recording Fees - Actual Fees
• Termite (Initial Inspection is okay, but no repairs unless approved inwriting by lender)
• Home Warranty - only if stipulated in escrow instructions and with prior approval of lender
• Amortization Schedule Fee
• Real Estate Commission (if prior approval in writing by lender)
• Broker Fees (if prior approval in writing by lender)
• Tests or Treatments required by HUD (if prior approval in writing by lender)
• Compliance Inspection Fee

Questions?  Please comment.