Discounts are available on closing costs?
If a borrower has a great credit rating and income, but is short on funds, then one can ask for a Premium Mortgage, where one pays a slightly higher interest rate than is current and there would be no origination fee.
Another option is to ask the seller to contribute towards a buyer’s closing costs. The seller cannot make the down payment or provide cash back to the buyer. However, asking the seller to pay for the buyer’s loan origination fee, attorney doc prep fee, Alta Title insurance, prepaid interest and reserves is allowed up to a certain limit established by the lender.
