Where you do save in closing costs is that Homepath usually doesn't require an appraisal and every other type of financing does.
Tony Nardini 732-740-4107
Tony is correct about the upfront Mortgage insurance premiums. FHA is pricing itself out of the market with it's new Upfront MIP being raised to 1.75% and the monthly increase to a factor of 1.25%. These increases are effective April 9th. Please be aware of these changes as well as all of your mortgage options. Please feel free to contact me to review the best mortgage option. My contact information is below or feel free applying on my website.
Senior Mortgage Consultant
Lincoln Mortgage Company