what are closing cost when buying a home through usda

James, I would suggest that you talk with a Ohio Lender and to get Good Faith estimates from them. With that said, with the exception of Lender Specific Fees the Closing Costs will be the same as they are controled by the contract. As you talk with any lenders keep in mind that the rate offerred will affect the closing costs. The question would be do you want lower closing costs or a higher rate for the term of the loan.

We are licensed in OH and don't charge any lender fees or origination points. The fees are 2% with the USDA however that can be rolled into the loan. The only other fees would be your title, recording and transfer fees and that is determined based on the title company chosen and the loan amount. The only downside to a USDA loan is the OH USDA field offices are generally about 45 days for file approval. So you would need to find a seller that is okay with a 60 day purchase agreement. I would be happy to help you and issue you a pre-approval today. My phone number is 888-320-7888, Ken@MortgagesforAmerica.org - www.MortgagesforAmerica.org - Ken Burrows

It's impossible for anyone here to say for sure since we would need to know a lot of details.. understand that some costs are fixed, meaning if you purchase a $50K home or a $250K home, the cost is the same.. other fees are variable, meaning they are based on a percentage of the sale price or loan amount.. if you want to know for sure, then contact a local mortgage broker and let him put together a written quote based on what you qualify for.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com