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Updated almost 5 years ago,

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Brandon O'Neal
  • WORCESTER
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Seeking Opinion on Loan Estimate for Multi-Family | FHA 1st Buyer

Brandon O'Neal
  • WORCESTER
Posted

Good afternoon all,

I'm purchasing a multi family at a purchase price of $314,000 with $9k back for closing costs, prepaids, escrow. I'm Using FHA MA Housing First Time Buyer Program w/3.5% down payment assistance program (the 3.5% down payment is financed at 2% interest for 15 years).

I'm seeking opinions on whether this loan estimate is fair and which fees are negotiable. Is the origination cost the lenders "Commission"?  What would be a fair concession amount to ask for from the lender for, if any? 

See pics attached.

Thanks in advance!