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Updated about 11 years ago,
All Upfront House Buying Costs?
OK, so say I get an FHA 203K streamlined or Home Path Renovation Loan with seller's assistance for closing costs. Am I missing any potential upfront costs that I need cash for? And are there are any other must have inspections I should get?
1) down payment of 3.5% with FHA or 5% with HomePath
2) 2 appraisals if it's an FHA (one prior to renovations and one after renovations) ($1000)
*0 appraisals if it's a HomePath as they don't require them
3) general inspection $500
3) pest inspection $200
4) contractor bids if they charge for that
5) moving costs up to $1000
6) furniture etc... up to $2000
7) landscaping renovations (not covered with loans) $1000