Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago,

Account Closed
  • Involved In Real Estate
  • New York City, NY
2
Votes |
25
Posts

All Upfront House Buying Costs?

Account Closed
  • Involved In Real Estate
  • New York City, NY
Posted

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