31.   NACA is unique in that it requires little or no downpayment, no closing costs, and no application fee from borrowers.

32.   Now some large lenders have started to offer zero down payment mortgages that also allow financing of the closing costs.

33.   Others consider closing costs to be the amount of money the buyer must bring to the closing in order to leave with a new set of keys.

34.   Otherwise, the closing costs and sales commissions may be impossible to recoup.

35.   Owners must also convert their individual share loans into mortgage loans on their units, which means mortgage closing costs.

36.   That rate covers all closing costs.

37.   The city will also assist buyers with down payments and closing costs.

38.   The Clinton administration is planning a major initiative to reduce mortgage closing costs and down payments for future home buyers, HUD Secretary Henry Cisneros said Wednesday.

39.   The credits can be used to help defray closing costs, or to pay down the mortgage, he said.

40.   The increased closing costs, Wasser said, would result from the additional paperwork that is required to change an old mortgage into a new one.