Regular Contributor
Posts: 134
Registered: ‎04-02-2012
Re: negociating rate/fees with lender
Thank you all for your responce. I decided to go with a new bond program that was released in Texas. It helps with %5 down payment/closing . It does come with a 1% originating fee. The other good thing it seems is the rate will be locked at 5% and I can combine it with the mortgage credit certificate. This before could not be done as it will be consider double dipping.

Even with the added cost of getting both programs, my gfe come back saying I will be receiving money back at closing. Builder is giving $6000 toward closing too and their originating fee will be paid by them.

Current Score: EQ 694(Fako), EX 676(Fako),TU 729
Goal Score: 750 across the board