How to Get Closing Costs Waived?

It’s difficult to avoid closing costs altogether, but there are some ways to negotiate or reduce the fees you’ll face at closing.

• Consider lenders that offer discounts: You may be able to work with a mortgage lender that doesn’t charge an origination fee or offers a discount on other closing costs.
• Apply for down payment assistance: If you’re a first-time homebuyer, you may be able to apply for down payment assistance and other grants that can help cover the costs of getting a loan.
• Look for a no-closing-cost loan: You may see ‘no-closing-cost loans’ advertised—but beware. Often, the closing costs are rolled into the loan’s principal, so you end up paying them back, with interest, in your mortgage payments.
• Ask the seller to contribute: If you’re buying a home in a buyer’s market, the seller may be willing to contribute to closing costs to seal the deal.