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Updated almost 9 years ago,

User Stats

58
Posts
19
Votes
Ricardo Meza
  • San Jose, CA
19
Votes |
58
Posts

203K Loan & Fees?

Ricardo Meza
  • San Jose, CA
Posted

I don't know where to begin in assessing whether these fees are reasonable.  So why not start with BP.  I've applied for a 203K loan for our next residence in CA, and the following is what I got back in fees...

This assumes a down payment of $124.5K, and a property values at $750K.  Closing costs = $8,217 (include 203K fees).  

I'm also interested in any other cost saving strategies you may have with this loan, or maybe even with a conventional loan (we qualify for this too).  As always, thank you BP!

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