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Are there loans available with closing costs rolled in?

by carramichael98 from Alpine, New Jersey. 19 days ago Reply


Peter Rinnyk (prinnyk)
#63 ranked lender in New Jersey - 14 contributions

Yes Absolutely , all the time. We would provide a Lender Credit to pay for the costs.Let me know and I can run some numbers for youPeter 732 343 0304

19 days ago
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Sean Stephens (metroplexmortgageservices@yahoo.com)
#2 ranked lender in Florida - 6 contributions

Hello Peter, i can roll in the closing cost into the loan proceedings.hit me on goldstenlending@gmauil.comor 240-360-1881

19 days ago
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

More info needed, but in general.. There are way's to get closing costs rolled in, whether your purchasing or refinancing. If you are purchasing, then the seller can contribute to your costs.. there are down payment assistance programs which can help.. and I've even seen Realtor's give up some of their commissions to help pay for your costs.. additionally, the lender can charge you a higher than "Par" interest rate, and then offer you a credit to pay some or all of your costs.. If you are refinancing, then there are loan programs which allow you to add the costs to the financing.. or the lender can also contribute by raising the rate. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

18 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,524 contributions

Pretty much every loan we do seems to exercise the options of rolling costs in. There are two options, first being what is called "seller paid" closing costs. The name is misleading, as the seller really isn't paying anything. You just increase your offer in an equal amount of what you need covered in closing costs - thats how we "roll it in". The second option is called "Lender Credits". This is where the lender simply increases the loans interest rate enough to offset your closing costs. Either way, you are paying. You can do one, both, or even a little bit of your own money. Any combination works. As a side note, anytime you see a lender claiming they don't charge a normal cost, like saying they don't charge loan origination, it is just the second option where they are rolling that cost into your interest rate.

18 days ago
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