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This blog post is part of an ongoing series in which we answer common questions relating to the FHA mortgage insurance program. Today’s question is: With FHA loans, can the seller pay the buyer’s closing costs? The short answer is yes. The Department of Housing and Urban Development, which manages the FHA loan program, allows sellers to contribute money toward the home buyer’s closing costs.
ARTICLE 3. Sale of Whole Business Unit to Federal Depository Corporation, California Federally Licensed Foreign (Other Nation) Bank, or Insured Foreign (Other State) State Depository Corporation