Can closing costs be financed as part of the first mortgage?
Closing costs can be financed into the loan on a refinance mortgage, but this is rarely available if you wish to purchase a home. Portions of those closing costs may be paid by the seller if agreed upon in the sales contract. We do offer some mortgages which cover closing costs (that is, 103% financing), but you’ll have very tight credit and home restrictions in order to qualify.
