I think this presents an opportunity for those sites to differentiate themselves from hotel booking sites by adopting/encouraging an all-in price listing model, compounded by a marketing campaign really illustrating reason for fees & contrasting how traditional industry disguises them in their listings.

So you will be at about the same cost as a traditional mortgage for 11 yrs and then you get the kicker of the low FHA rate and no MI.The rates you quoted from NFCU are pathetic.

Look for non-traditional lenders if you can afford the rate.  

Toll Brothers plans tend to be traditional and they are not super innovative.

A large part of most brokerages income theses days is from these "transaction fees", as opposed to the traditional commission split percentages.

My mortgage broker provided 3 options: traditional monthly mortgage insurance until my LTV was <80%, upfront mortgage insurance (cash due at closing), or the LPMI mentioned above, in exchange for a .25% increase in the rate (.5% sounds like too much).  

Unless it has serious mold or structural issues that would prevent a bank from giving it the approval for traditional financing, securing the house at all could be a struggle.

A construction loan is different than a traditional loan.

As mentioned in a previous post, we are currently focusing on purchasing a multi-unit and live in one unit while renting out the other unit(s).If we did the traditional down payment route, we are setting our sights on a $40k down payment for a $200k home.

I do have some money to put down but wanted to know what other options are out there for financing rather than traditional banks and mortgage companies.