I am a mortgage broker. If I can be of service, please let me know!
877-238-6324 Ext 704
Bear in mind that as a lender, we get about four price quotes a day. While this seems a little high to me, give it the benefit of the doubt that it was the high quote of the day. FHA and VA loans are my speciality. I suggest that you work with someone who is up to date with all of the new FHA programs in order to make the best informed decision.
Good luck and find the right house for you!
Shirley Haddix 408-690-2607
Keep in mind that you are financing 96.5% of the house. In today's credit market, FHA is the only lender who is lending at that level.
It is important that you have both a great lender & realtor to guide you through this process. It is different than traditional financing, and everyone has to stay on top of the game!
Congrats, and happy house hunting!
The quotes are in reasonable range but may not be as good as you can get if you are buying a home.
As an FHA Purchaser you can negotiate up to 6% back from the seller. This can take care of all your normal closing costs plus being used to "Buy Down" your interest rate.
If buying you need to working with a Realtor familiar with all aspects of FHA offers. The way the contract is written is critical to obtaining the desired result.
If I can be of any assistance, please let me know.
Apply Online: flagstarloans.com/lallison
To give you an idea of the level of information needed to answer your question see the "Are You Setting Yourself Up?" section on page 2 of this document:
I can refer you to another top-notch FHA loan agent if you like...