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Thesa Chambers, Principal Broker

Contact Us Today At (541) 771-7064
thesa@centraloregonbuzz.com

70 SW Century Dr #110 Bend, OR 97702

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Can The Seller Pay My Closing Costs

Different loan programs have different requirements, but almost all allow for the seller to pay part or all of your closing costs.  This is one of the many details you should discuss with your agent and your lender prior to writing an offer.  This does have an impact on your offer and does need to be asked for at the beginning of your transaction not when you realize there are costs you did not expect.

Different loan programs allow for different costs.  Most of the time your home inspection will need to be paid out of your pocket and seldom is it an expense that will be paid back by the seller.  The seller can not and should not pay any of your costs directly, everything you do other than the home inspection should be paid directly to the lender or through escrow.

If your offer is written correctly your closing costs can include;

  • Home Owners Insurance
  • Taxes
  • Loan Fees
  • Appraisal (repayment)
  • Tile and Escrow Fees
  • and more

When purchasing a home and successfully asking the seller to pay your closing costs you will need to have readily available the funds for the following; earnest money, home inspection, appraisal and down payment. Depending on the purchase price of the home and other factors you may very well need to pay part of your closing costs, occasionally the amount allowed on your loan is not enough to cover every item.

Additional Ask The Mortgage Professional Articles

Looking for a mortgage professional? I would encourage you to contact;

Jason or James – your Home Loan Ninjas

at 503.799.4112 or you can visit their website and see more info about mortgages and what you should expect.

Posted in: Buying Tagged: 100% financing, central oregon homes for sale, central oregon real estate, mortgage information, mortgage loans

Comments

  1. livelybrowsers says

    October 19, 2010 at 10:11 am

    Thanks for good stuff

    Reply

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About Thesa

As your real estate agent, I understand the value of providing the best possible service to every buyer and seller. Listening carefully to fully identify not only your desires but also your needs. Then work diligently to ensure that both are accommodated to the best of my ability. We will stay abreast on changing market conditions, trends, developments and research all factors that could affect the purchase or sale of your property.  My success and your happiness greatly depend upon the quality of the relationship we achieve.  Through personal redefinition of the professional standards set by most agents, I hope set myself apart from the rest and become the first person that you think of for all of your real estate needs.

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Thesa Chambers, Principal Broker West + Main Homes
thesa@centraloregonbuzz.com
(541) 771-7064
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The data relating to real estate for sale on this website comes in part from the MLS. Listing broker has attempted to offer accurate data, but is not guaranteed accurate. All information presented is deemed reliable but not guaranteed.

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