Familiar with FHA Loans? Give this a look please!

[Robert Zazac]

Hello everyone, I am on the brink of my making my first investment, a "house hack" strategy of buying a multi-plex, living in one unit, and renting out the other. I plan to use an FHA loan to finance my first purchase, and am working with a loan company.

Being that this is my first time going through this process, I am humbly asking if anyone could review the cost sheet that they have supplied for me, and let me know if the different cost items look appropriate, or if I should reconsider some things. They noted that an FHA loan would have some additional fees over a conventional, so someone with experience with FHA specifically would be helpful. I just want to go into this with full confidence! Thanks for any input!

[Robert Zazac]

Thanks A.J. for the feedback.  The broker commission is to make the difference on their "minimum", which in this case is 2k, which 3% of 51.5k doesn't completely cover.  My lender gave me the impression that the full year property tax is standard, so without other reference points I was left to assume that is the norm.  And yes, there's deals to be found out here near Pittsburgh, this offer may not be accepted and we may end up near the 65-70k range, but I'd be happy with that too.