Financing in Woodward Park>Question Details

Larry, Home Buyer in Woodward Park, Fresno,...

Does a streamline mortgaga allow "application fees" upfront plus closing costs?

Asked by Larry, Woodward Park, Fresno, CA Mon Jul 30, 2012

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I am assuming you mean an FHA streamline. The answer is yes, what is not allowed is for your mortgage balance to go up. On VA streamlines almost all of the lenders are doing an appraisal and charrging for that up front.
0 votes Thank Flag Link Mon Jun 24, 2013
You need to be more specific in your question. Generally, the only fees allowed to be collected up front are for a credit report; however, that pertains to pre-disclosure. After disclosure is a different story so it depends on what you mean by "upfront."
0 votes Thank Flag Link Mon Jul 30, 2012
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