Can closing costs be rolled into a conventional loan?
Generally not on a conventional purchase — the loan amount is capped at the lower of contract price or appraised value, so closing costs don't roll into the base loan. On a refinance, closing costs CAN be rolled into the new loan amount within program LTV caps.
Plain-English explanation
Purchase: closing costs are paid in cash, offset by seller and lender credits, or covered by DPA. They generally don't add to the loan amount. Refinance (rate-and-term or cash-out): closing costs can be financed by being added to the new loan amount, up to the program's max LTV. That's a real distinction between purchase and refi math. Subject to Fannie/Freddie guidelines.
What can change the answer?
Title and escrow fees, Florida doc stamps, intangible tax, prepaids, lender fees, and any seller or lender credits can change cash to close.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Closing Costs
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.