Closing Costs - There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following:

Down Payment Gifts - FHA allows 100% of the down payment to be a gift from friends, family or other sources.

Energy Efficient Mortgages - A program that provides mortgage insurance for the purchase or refinance of a principal residence that incorporates the cost of energy efficient improvements into the loan.

FHA ARM - A single family adjustable rate mortgage that provide mortgage insurance for a person to purchase or refinance a principal residence at a lower initial interest rate.

FHA Mortgage Insurance - FHA requires a mortgage insurance premium (MIP) for its home buying programs.

FHA Refunds - If you have ever paid off a home loan backed by FHA, you may have money owed to you.

Property Improvement Loan Insurance (Title 1) - A program that makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements.

Reverse Mortgage - A program that allows homeowners 62 years and older to borrow against the equity in their homes in a lump sum, on a monthly basis for a fixed term or for as long as they live in the home, or on an occasional basis as a line of credit.

Section 203(i) - A single family mortgage program that provides mortgage insurance for a person to purchase a principal residence in a rural area.

Streamline Refinancing - A program that reduces the amount of documentation and underwriting that needs to be performed by the mortgage company.