Different investors and servicers allow different fee’s to be considered for approval. FHA allowable fees are determined by HUD guidelines. Below are the allowable fee’s per HUD. It is important to know that at times variances can be submitted to HUD to approve fee’s that aren’t within their guidelines. For example 3% closing costs to buyer who is getting a FHA loan.
- CALIFORNIA Only – Hazard Disclosure
- Closing Fee
- County Taxes
- Grantors Tax
- Lien Search
- Local/State Transfer Tax Stamps
- Natural Hazard Disclosure Fee
- Outstanding Partial Claim Amount
- Owner’s Title Insurance
- Property Tax
- Real Estate Taxes to Closing Date
- Sales Commission ≤ 6%
- Seller’s Cost of Title Search
- STATE REQUIRED – Excise Tax
- Survey
- Tax Certificate
- Tax Stamps
- TIEFF Fee
- Title Examination and Title Insurance
- Unpaid Homeowner’s Association Dues
- Unpaid Utilities
- Up to 1% of Buyer’s First Mortgage Amount if FHA Buyer
- Owner occupant Seller Consideration of $3,000 (may be used for discharge of Junior Liens or to offset disallowable closing costs)
- $1,500 for Discharge of Junior Liens
- Wire Fee
If you have any questions about anything short sale related, please fill out the form below and a member of our team will contact you within 24 hours.
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