Still Want All Your Closing Costs Paid For? Time May Be Running OutMarch 15, 2012 | Category: For Buyers, News | Tags: fha closing costs reno nv, first time home buyer programs reno sparks, reno buyers agent, reno closing costs, reno fha loans, reno first time home buyer loans HUD wants to reduce closing cost concessions to 3%. Let your voice be heard and ask for them to remain at 6%. We need more home buyers in the market.