First Deal Condo Child + Roomate

[Account Closed]

I have made an offer on a property (condo) in a college town.  My son will be living there as well as a roommate.  I plan to keep after he leaves as a straight rental. 

My question is about Financing. $105000 w 30 % down. I have gotten one quote from QL and expect my local bank to have quote tomorrow. What should I expect as far as financing. Local bank not wanting to finance 30yr maybe 20, QL is @ $3,500 closing costs -- 1.5 points for Fannie Mae and an APR of 4.99.

I don't have all the details from my local yet and I am talking with another mort. broker now as well.

In MS