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

Help the community by answering this question:


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

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:
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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