Re: GFE for USDA Review please. seems excess to me.
I think that 1st rate you were quoted of 5.75% was illegal at the time - seems too high. USDA has limits on the interest rate that can be charged.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002 Located in Southern California and lending in all 50 states
Re: GFE for USDA Review please. seems excess to me.
Why are you paying private mortgage insurance and this type of loan is not suppose to have that charge. Also, this moring I locked in 4.5% 30 days on USDA.
Re: GFE for USDA Review please. seems excess to me.
@Anonymous wrote: Why are you paying private mortgage insurance and this type of loan is not suppose to have that charge. Also, this moring I locked in 4.5% 30 days on USDA.
That is the guarantee fee you are referring to.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002 Located in Southern California and lending in all 50 states
Re: GFE for USDA Review please. seems excess to me.
4.5% is a killer deal, most are in the 5-5.25% range.
Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002 Located in Southern California and lending in all 50 states
