FHA loans and mortgage broker fees in CA

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FHA loans and mortgage broker fees in CA

Vinay C.
Realtor · Los Angeles, CA · Member since 2016 · 100 posts · 38 votes

Hi there,

I am looking to buy a 2 unit property using FHA loan (700k). I wanted to find out what is a typical mortgage broker fee on that type of a loan with 3.5% down.

Thanks

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  • Account Closed
    San Jose, CA · Member since 2015 · 4k+ posts · 3k+ votes
    9y

    Search for Chris in Oakland.  Last name starts with an "M" - Moran?  Sorry, Chris, I'm getting old and can't keep your last name straight in my head.

    Anyway, he's great, very knowledgeable and helpful.  He's a mortgage broker in Oakland.

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  • Melvin ListBusiness Member
    Lender · Tampa, FL · Member since 2016 · 1k+ posts · 381 votes
    9y

    @Vinay C. brokers have access to wholesale pricing so most of them build their fee into the rate.  Your rate 9 out of 10 times will be lower than if you walked into a big bank and you should have ZERO fees.

    C2 Financial
    WebsiteView Page
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