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origination point

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teton
Regular Contributor

origination point

My LO says it looks like I could approved for 5% with one origination point. Is it common to include origination points? Is one point too high at 5%?
Message 1 of 3
2 REPLIES 2
DallasLoanGuy
Super Contributor

Re: origination point

what kind of loan?

 

origination fee is the same as discount points.

lower/no fee, higher rate.

 

Retired Lender
Message 2 of 3
teton
Regular Contributor

Re: origination point

30-year FHA.
Message 3 of 3
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