Pax, Home Buyer in Atlanta, GA

I have a credit score of 720,type of loan-FHA 30yr-203(K)RL,loan amt. $133170.Is there a way to know if I'm getting the current & fair?

Asked by Pax, Atlanta, GA Tue May 18, 2010

interest rate ? initial was 5.25%,then 5.5%not locked,now it's near closing 5.875% locked(28 days),figures of itemization of prepaid finance charges' up.(in comparison to 1st truth in lending disclosure to last one). how would i know if i'm not being taken advantage of ?

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1
Hi Pax,

5.875% is a lot higher than what you should be paying right now for an FHA 203K, I'm looking at 5% on a 30 day lock with one of my lenders.
0 votes Thank Flag Link Wed May 19, 2010
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