Dale Bohannon - REALTOR - eXp Realty

REDUCING BUYER CLOSING COSTS


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REDUCING BUYER CLOSING COSTS: While many renters and potential buyers can afford the monthly payment on a home in the Tampa Bay area, the closing costs and down-payment can present a challenge. How can we reduce the cash required to close on a new home? You might consider:

  • asking the seller to pay costs
  • warping closing costs into the loan
  • 100% financing from VA or USDA
  • 97.5% financing from FHA
  • 97% conventional financing
  • a down payment assistance program
  • a gift letter from a relative or friend
  • asking the lender reduce fees
  • asking the title company reduce the closing fee
  • asking the lender to reduce pre-paid escrows
  • shopping for a lower home insurance policy
  • asking the seller for a land survey

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