Question Details

Farah, Home Buyer in Detroit, MI

What is the typical amount paid for closing costs? I'm buying a $40,000 house with a $70,000 203k loan

Asked by Farah, Detroit, MI Mon May 2, 2011

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2
Hi Farah,
That would depend on the lender. Certain costs would be included into your closing costs, such as:
HUD Consultant
Termite Inspection
Well or Septic inspections if applicable
Appraisal

So without complete information it would be hard to determine the what costs you may incur. See my website for a full Renovation Guide. Good Luck with your new home purchase.
Web Reference: http://www.best203K.com
0 votes Thank Flag Link Mon May 2, 2011
your lender should provide you with that information. at least most of it.
0 votes Thank Flag Link Mon May 2, 2011
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