|
If
you
are
obtaining
a
VA
or
FHA
loan
in
order
to
finance
your
purchase,
you
must
include
that
information
in
your
offer.
This
is
because
government
loans
place
additional
financial
and
performance
obligations
on
the
seller.
Non-Allowable
Fees
First,
VA
and
FHA
loans
prohibit
buyers
from
paying
certain
types
of
fees
that
are
often
charged
by
lenders,
escrow
companies,
settlement
agents,
and
title
companies.
They
are
called
"non-allowable"
fees.
They
still
get
charged
anyway,
but
as
the
buyer,
you
are
"not
allowed"
to
pay
them.
The
result
is
that
the
seller
ends
up
paying
them
instead
of
you.
Most
of
these
"non-allowable"
fees
come
from
your
lender.
By
the
time
you
are
making
an
offer
you
should
have
already
been
pre-qualified
by
a
loan
officer,
so
you
or
your
real
estate
agent
can
ask
how
much
the
lender’s
non-allowable
fees
will
be.
Experienced
agents
should
also
have
an
idea
of
what
non-allowable
fees
will
be
charged
by
the
escrow
or
settlement
agent
and
the
title
insurance
company.
Since
these
are
fees
the
seller
would
not
pay
on
an
offer
with
conventional
financing,
this
information
must
be
included
in
your
offer.
You
should
also
realize
that
since
the
seller
will
be
paying
these
additional
fees,
they
may
be
a
little
less
negotiable
on
the
price. |
