Updated almost 12 years ago on . Most recent reply
Question About FHA 203K Streamlined & Home Path Loans
New investor here learning as I go along !
RE: FHA 203K Streamlined & Home Path Renovation Loans:
1) Can a loan origination fee be rolled into mortgage payments? Or will this be an upfront cost in addition to the down payment?
2) What about the appraisal and inspections? Will these be upfront costs in addition to the down payment or can they be rolled into mortgage payments?
3) I know that Home Path does not require PMI. Outside of that, are there are any reasons to choose one type of loan over the other?