Just got this from my broker , an estimated cost based on an 80k house with 3.5% down, and a special rate of 3.5% through the state of indiana
Any thoughts?
Since it is a special program with a special rate there isnt much to compare it to -
the commitment fee stands out right off the top - what is that and when do you have to pay it? I wouldnt pay anything to commit - if it is a fee that goes with the program than that is what it is and it gets you a great rate - the concern is what happens if you give them $600 and they suddenly cant do the loan? Just a little fishy - not a ton of money but a decent amount that would concetn me -