I am a Reattor and licensed Mortgage Broker. Currently my FHA streamline refinance rates at 3.75% would pay you a rebate of over 3% points. Most other lenders offer this same rate but you do not get such a large credit. So in other words your closing costs would be a negative number or a credit. All costs paid at 3.75% or you can go to 3.5% with a smaller credit.
Example on $150,000 refinance
My total lender fees total $665 plus your title fees that are the same with everybody. At 3.75% you would get a lender credit of $4,590. That would cover your lender and title fees and part or all of your required escrows. So you could essentially not have to bring one penny to closing.
If you would like a GFE please give me a call or email me directly. I wholesale lend through the big lenders like Wells Fargo but they cannot offer the same rebates as I can on the retail level.
As an added bonus my clients receive a one time free float down on all loans. Should rates drop after you lock we can float you down at no cost to you. Most lenders do not allow this after you lock or they charge a fee. With my Tier 1 broker status my clients do not pay anything to float down to a lower interest rate.
If you have any questions on this please give me a call.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
email@example.com | http://www.AustinListed.com