Yes. But when you make an offer, you need to specify that. It is called seller's concession. Your closing costs will be included in the mortgage. If you are going with FHA mortgage, the maximum closing costs to be included in your mortgage is 3%. Speak to your broker, if you don't have one, find one and he/she will be able to guide you through the process.
Barbara E. Nowak
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
Yes, each case may be individual, but I have sold several foreclosures in the Huntsville, AL area where the bank (HUD) paid the closing. If you have further questions don't hesitate to call me at 256-679-4462. I will be glad to help you.
That and REPAIRS are anathama to the Banks.
If you are CASH challenged;
you might offer a little more for the house; making it clear what you are doing, and include ~3% for Buyer's Closing Costs.
Good luck and may God bless