Any loans without closing costs?

Yes call me and we can discuss....Ralph Richard Guertin @ Regent Mtg 954-274-7725 or ralph@absolutelowrates.com

NO, 100% absolutely NO. ALL mortgage loans have closing costs! With that now said, there are various ways to pay for those closing costs. The first and best is out-of-pocket. If you are short, the next way is trying to roll them into the loan via something known as "seller paid closing costs." The seller really isn't paying, but by, for example, raising your offer $5,000, then asking the seller to pay that same $5,000 towards your closing costs, you can effectively "roll closing costs into your loan." The next way is "lender credits." In this manner, the lender raises the interest rate on the loan in exchange for a reduction in your closing costs. Small rate increases equal small reductions in closing costs, while larger rate increases can potentially totally eliminate closing costs. So can you get a "no closing cost loan?" - Sure, but you see now it really wasn't free, and you are still paying - just paying in a different way. I lend in MN, WI, IA, ND, SD. Find me at MNBestRates.com - Cambria Mortgage, NMLS 274132