I just got my GFE from Wells Fargo and it seems too good to be true. Here it is
appraisal fee $400.00
credit report $50.00
flood cert $19.00
FHA MIP $2786.00
Abstract $150.00
Title insurance Binder $50.00
Attorney Fee $450.00 (my state require an attorney for all real estate transactions)
Title Insurance $759.00
MTG recording fee $290.00
Survey IMP cert $245.00
Pest Cert $85.00
The rest was just prepaid stuff like tax and insurance.
I had received another GFE from a local bank and it had all kinds of fees in it, underwriting fee, DU fee, document prep fee, overnight document fee, wire fee, etc....
The Wells GFE is for a FHA loan, $162,000 loan amount, 682 credit score, 5% downpayment and 5.5% interest rate.
Thanks in advance for your help.
