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GFE Review, please

Started by Genna , Jun 18 2012 09:20 PM

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4 replies to this topic

#1 Genna

Genna
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Posted 18 June 2012 - 09:20 PM

Loan type: USDA Guaranteed
Purchase Price: $130,000
Loan amount: $132,653 (2% guarantee fee)
Mid score: 658
Rate: 3.625
Apr: 4.088
Estimated payment: 957.85

Processing fee: 450
Underwriting fee: 450
Appraisal: 425
Credit Report: 50
Flood cert: 12.50
Appraiser final inspection fee: 150
Rural guarantee fee: 2,653.06
Lender's title policy: 25
Settlement/closing fee: 550
Endorsements: 225
Owner's Title Insurance: 725
Survey: 325
Pest Inspection: 50
Recording charges deed:50
Recording charges mortgage: 200
City/county tax: 265.40
State tax deed: 910
State tax mortgage: 464.45

Prepaids
Interest: 200.40 (15 days @ 13.36/day)
Hazard: 1440
Hazard Reserves Prorated 480
County taxes: 2400
Propated Taxes Credit:-1139.17
Mortgage Insurance: 65.76
Agg Adjustment: -964.40

Cash from borrower: 5162.50

Edited by Genna, 18 June 2012 - 09:26 PM.

#2 Genna

Genna
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Posted 19 June 2012 - 08:09 PM

Bump

#3 Brian B The Loan Professor

Brian B The Loan Professor
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Posted 19 June 2012 - 11:42 PM

It looks fine - that is a great rate for a 100% program with a small monthly add on (not MI but like it)
lock it close it and never refi -

Good Luck
B

#4 Genna

Genna
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Posted 20 June 2012 - 07:12 AM

It looks fine - that is a great rate for a 100% program with a small monthly add on (not MI but like it)
lock it close it and never refi -

Good Luck
B


Thank you!!!

#5 ugghh

ugghh
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Posted 20 June 2012 - 10:14 AM

lock it close it and never refi -


Wow! Never seen that from Brian! Get on it!!!!
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