There are guidelines for adding these costs to the loan. According to the same section of the FHA loan rulebook,
3. Be Clear on What You Are Going for
You have to be clear on what you want. You have to really think about it until the idea is solid. Set the highest standards that you can think of. If you shoot high, you can always adjust as needed. You shouldn’t have a mentality of doing with the bare minimum in the serious business of buying a home. You should aim for what will make you feel very satisfied, within your budget of course. You might have to bring it down a little to be more realistic. Sometimes, some of your desired features just are not realistic in the area where you are looking.
4. Find an Expert to Represent You
Jeff Kessler is a Realtor who can represent you as a buyer agent. Don’t just go to the agent selling the home because that agent is obligated to favor the seller. Choosing an Austin Realtor is an important step and you should do this carefully. It may or may not be advisable to go to a friend who happens to be in real estate, unless you are certain that person has a good professional reputation completely without regard to the friendship.
There, that’s not so hard. Take enough time, find out how much you can afford, determine a high and achievable target, and get yourself a reliable agent. Using these four steps will get you into the right home, whether as a financial investment or as an investment in your own life.