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Updated about 6 years ago,

Riley Blake's profile image
Riley Blake's profile image
Riley Blake
  • Accountant
  • from Minneapolis, MN
  • Member since Jan 14, 2017
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11
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1
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Riley Blake's profile image
Riley Blake's profile image
Riley Blake
  • Accountant
  • from Minneapolis, MN
  • Member since Jan 14, 2017
Connect
Riley Blake
  • Accountant
  • Minneapolis, MN
1
Votes |
11
Posts
Private Lending & Conventional Mortgage Advice

Closing Costs - Wrapped into loan?

Riley Blake
  • Accountant
  • Minneapolis, MN
Posted

Hi,

Do people usually pay closing costs out of pocket or is it typically wrapped into the loan? I'm looking to obtain an FHA loan for my first owner-occupied duplex. Also, I've heard FHA requires PMI. Is .5%-1% of the loan a good rule of thumb for estimating PMI?

Riley Blake

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