FHA impound accounts???

[Win Duncan]

Hi, I’m new here and wanted to start off by saying hello

OK I’ll get to the point. I have been looking at a property and met with a lender. I was just looking over the papers they gave me. It is just estimates at this point. But I noticed that they want me to pay the entire year one taxes and ins. at the close of escrow. Is this the norm? I know taxes and ins. will be collected with my payment but do they normally want the entire year paid up front? I have the money but was hopping to use it to buy down the loan. Thanks for the help.