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Valued Member
madesomemistakes
Posts: 33
Registered: ‎01-31-2009
0

GFE review

[ Edited ]

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

 


Starting Score: 665
Current Score: 665
Goal Score: 750


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Valued Member
madesomemistakes
Posts: 33
Registered: ‎01-31-2009
0

Re: GFE review

bump

 


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Super Contributor
ShanetheMortgageMan
Posts: 8,253
Registered: ‎09-28-2007
0

Re: GFE review

[ Edited ]

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.

Valued Member
madesomemistakes
Posts: 33
Registered: ‎01-31-2009
0

Re: GFE review

Thanks Shane,

 

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


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New Member
brewsky
Posts: 4
Registered: ‎06-29-2010
0

Re: GFE review

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

Valued Member
madesomemistakes
Posts: 33
Registered: ‎01-31-2009
0

Re: GFE review

[ Edited ]

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


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