All Forum Posts by: Joe Aagaard

Thank you both for your feedback.  I "locked" with another lender with similar costs but a lower rate.

@ Mark - Single Family 3/2 at $146k net. 

@ Robert - I got the "official" GFE listing 20% down as an investor so I think it's legit.   Glad as that extra 5% would be my repair budget!   

I'm under contract for my first rental and shopping a loan.  Particulars are conventional loan, 20% down, great credit.  Rate offered was 4.625%

The first quote was $3,300 in lender closing costs detail below.

• Processing /Admin $592
• Underwriting $350
• GA fee $10
• Appraisal $470
• Tax service $66
• Lenders coverage $220
• Title services fee $500
• Owners Coverage $645
• Recording $86
• State transfer tax $360

None of the above includes interest or funding escrow accounts.  Does that sound pretty reasonable?  Any of it worth negotiating?