Tuesday, February 10, 2015

Are there costs I m not aware of with an fha loan?

I ve been preapproved for an fha loan, I have $6,000 saved up. If I put 3.5 down on a $150,000 house that would take pretty much all my savings. I know I need $200-$400 for inspection or appraisal fee. I would ask the seller to pay closing costs in return I would pay full asking price. Is there anything I m missing? Would hate to get to closing and realize I don t have enough money. Just got preapproved this week and haven t had time to speak with lender regarding details.

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