It's been a while, I use to use a mortgage lender who was direct endorsed with FHA and they would "spin" my loan request.

But you would change the inurance mailing address to your addrss and not the residence AND have the seller sign a partial power of attorney agreement over to you so you can endorse checks made out to them - that way if there is a claim on the insurance, you can cash the check.

I am in Dallas.Here are the closing costs:CC related to the Loan:Origination fee - $608Processing fee - $375Underwriting fee - $850Attorney Doc Prep fee - $125Administration fee - $275CC related to Title Charges:Settlement fee - $350Closing Agent Delivery fee - $50Tax Certificate fee - $44Lender's Title Insurance - $175Title Policy Endorsements - $250CC related to Government fees:Recording fee - $120CC related to Miscellaneous:Survey fee - to be determinedApplication (appraisal + credit score) fee - $590Total closing cost is $3,812 or 5% of the purchase price.Prepaids are separate.Thanks very much.

Escrow a release for the lien and for the memorandum with a neutral 3rd party who will record the releases upon conclusion of the option contract.Also consider getting from a title company a "title insurance policy with option endorsement" to protect your right to exercise the option.A $40K option price that is paid $500 per month as additional option consideration is 0% seller financing.

If you are lucky you'll find something that is friendly on all platforms.I'm not endorsing any certain product - just the curiosity to look for something free that can handle imports and exports, allowing you to back up the data.

Not endorsing this practice, simply saying this is how it is.

People think it's awesome because it's apparently endorsed by IKEA, lol.

Okay, I have two endorse two checks (writer's cramp anyone??)...

The reason I'm posting is to say that the lender can call that shot as well since FHA is guarantees the loan but it can be repurchased in default as well, usually not but may/can be with direct endorsment lenders.

In order to change title after closing your partner will need an endorsement on the title insurance policy for the additional owner.