Quick question: Is the first year of homeowners insurance paid before closing?

[wendlan]

Wondering if the first year of homeowners insurance is due before closing or it a closing expense? My realtor told me out of pocket before closing and my loan officer said it is at closing and a closing expense. Just wondering,we have a seller assist 6% for closing costs.

[StartingOver10]

Listen to your loan officer on this one

[TheGardner]

Your realtor must not pay much attention during closing.. I agree listen to the LO that's a part of closing when escrow is funded.

[wendlan]

thank you!

[frugalQ]

You should take this opportunity to educate your RA! :-)