Community Leader
Senior Contributor
StartingOver10
Posts: 4,566
Registered: ‎03-06-2010
Re: negociating rate/fees with lender

I disagree with this statement above ^^^.

 

I see various lenders offer different rates for FHA borrowers all the time.

One of my lenders is at 3% fixed 30 yrs right now for FHA. Another pre-approval I just received yesterday from another lender for the buyer on one of my listings is a full point higher - 4% fixed 30 years and believe it or not, the buyer that has the 4% rate has a higher credit score than the one with the 3% rate. Both are FHA loans. The only difference is the lender (and the buyer).

This is just one example. I see different rates in the same time period all the time. It is lender specific.