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3% down for FHA - what about closing costs?

I thought FHA allows only 3% down. That is what my realtor told me, however, when I talked to one the lenders on this site he told me that there are some closing costs which i need to prepare for also. These closing costs can add up to another 3% he said. Is that correct? If so, isn't that kind of misleading? by NickWaldow1 from Tustin, California. Aug 31st 2009 Reply

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