While the FHA does not control interest, points or terms, there are regulations about the origination fee for an approved FHA guaranteed loan. Origination fees cover the lender's costs for issuing the FHA home loan. Depending on when your FHA loan was approved, you may only be required to pay 1% of the loan amount-this applies to all loans originated up to December 31, 2009. Those fees are capped.
FHA guaranteed home loans in 2010 and beyond are not capped or limited to that 1% origination fee. This does NOT apply to FHA Reverse Mortgages (also known as HECM loans) or 203(k) rehabilitation loans.
Check out for more details : http://fhamortgageinfo.com/
The real question I have for you is what is your middle FICO and what rate are you being quoted or are you 'locked' right now? That would help paint a more complete picture of what your truly getting with your loan.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
5% should be plenty. What is the concern?
The fees look to be reasonable. The admin fee probably covers the processing and underwriting fees which are normal. The bigger question is, what interest rate are they charging you?