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GFE review

Valued Member

GFE review

Can someone please review my GFE

 

FHA down payment 3.5%

Purchase price-250,000

Interest rate -5.25

 

Loan Origination fee- 1.0   $2412

appaisel fee- 500
credit report 18

processing fee- 750

underwriting fee-650

 

Title charges

closing escrow fee- 1500

notary fees 225

title insurance-1000

 

closing costs-9334.00

 

payment-1803.00

 

Thank you

 

Experian-770 Transunion-780 Equifax-780
Message 1 of 6
5 REPLIES
Valued Member

Re: GFE review

bump

 

Experian-770 Transunion-780 Equifax-780
Message 2 of 6
Super Contributor

Re: GFE review

I am pretty sure I responded to you at the other forum we communicate at, my reply was:

 

If your credit scores are 620+ then this isn't looking good at all, very high fees for that interest rate. Should be at least about .5%-.75% lower in rate and no origination fee. Get a 2nd opinion.

 

I didn't see your scores in your other post though, so since I see them in your signature now... definitely without a doubt get a 2nd opinion.

Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 3 of 6
Highlighted
Valued Member

Re: GFE review

Thanks Shane,

 

Do I look for other lenders or do  I see if they can lower my rate?

Experian-770 Transunion-780 Equifax-780
Message 4 of 6
New Member

Re: GFE review

Does that total include the 3.5% down payment, that looks identical to my figures, except my median score was 644.

Message 5 of 6
Valued Member

Re: GFE review

My total including the down is 21,000.  How much is your loan for and what's your interest rate?

Experian-770 Transunion-780 Equifax-780
Message 6 of 6