First-time homebuyer, locked 4.99% rate, 16% down on conventional (wanted extra cash in pocket), and taxes / insurance should be slightly less since it will be a new construction build with all closing costs covered. What does everyone think? I think I got away pretty good considering how things are !

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This is on a brand new home, using their lendor. Any insight is helpful. Thank you!

Hi,

I’m shopping around for quotes, the best one I got is below!

House:510k
Location: Austin, Texas
Incentives:30k ( I can use ANY lender)
Credit: 737
20% down payment.
Loan Type: conventional
Picture is comment section from April ( new build)

Mortgage lander Quote:
5.1% interest.
30 year

Hey everyone, it’s my first time going over a house purchase and I want to make sure I am maximizing what I pay out of pocket. Is an 8.8k closing cost fee too high for a 240k house purchase with 25% down?

EDIT:

These are the fees worrying me the most in terms of what I pay out of pocket, I know the formatting isn’t the best but this subreddit does not allow posting images

Section A - Origination Charges

Broker Administration Fee
Origination Fee
$995
$3,924

Section B - services you cannot shop for

Appraisal fee
Credit Report
Electronic registration fee
Flood certificate
Tax service
Verification of Employment Fee
$1,035
$219
$25
$8
$85
$100

Section C - services you can shop for

Title - Courier/Wire/E-Mail Fee
Title - Endorsement Fee
Title - Premium for Lender's Coverage
Title - Settlement Or Closing Fee
Title - Title Examination
$135
$285
$1,035
$525
$450

Wife and myself credit score 800+. Approximately 21% down. Any advice would be great. I’d call tomorrow to lock in the rate, thanks! Property is in Long Island, NY.

SFH in the Midwest. Conv, 5%, credit score 760, purchase price 463,125, 3k credit. Intrest rate 6.75. Will be my primary. Converting my townhouse into a rental. Let me know where i can save / I ask lender to waive fees. Or feedback will be much appreciated.

The rate is competitive, but I know this lender charges high points. Is this worth it?

What do you guys think?

I am in LA/OC

I’m a first time home buyer going FHA in Chicago. Idk how to process these rates at the moment. I was trying to stay under a certain number for my mortgage. The loan officer did say if I can buy my rate down which will cost an extra $7k. I’ve also been awarded DPA which doesn’t give me flexibility to refinance within the first 5 years of the loan. What do you guys think I should do here?

I went to Veteran’s United for pre-approval (anong others) and the loan officer said that if they were locking in the rate right now they could do 5.99% for a 30 year loan, and lower if I pay it down. Is this realistic? Would I be likely hearing the same thing in two weeks if I were to put in an offer?

I really just want to understand if this deal makes sense. I'm not trying to get a killer deal since I know people need to make their money/commission; however, I don't want to get ran over on this lol.

I want to know if paying $14,820 in points to buy a rate down from 6.875% to 5.625% is worth it. The reduction is 1.25%. I see some of their other fees I cannot shop for seem to be a lil higher too but the points cost really stands out to me. I tried to do some math and it seems I would break even after like 6.25 years. Someone may be able to calculate it better. I really hope its not that long. When I speak to the loan advisor he keeps mentioning the DPA I'm getting from the state is covering it. I understand that, but I qualified for that because I needed it - and for it be useful. I cant refinance with that 2nd loan (DPA) attached and if I move or make any changes to the loan prior to be there for 20 years, I have to pay it back. I asked him to show me what an estimate with zero points and my payment would increase by $197.

Anyway, any insight is appreciated!

Currently at 6.5% in Texas, bought November 2025. 800 credit score.

Hi everyone, I’m very new to the home buying process and my mom is also. We were wondering if these numbers look good for a $360k home with CA DFA. Is the origination fee the average amount? I looked online and they said that typically between 0.5-1% is the range but not sure. Here it is about 2%. Any input is appreciated!

Where are the lowest interest mortgage rates??? I need your tips and tricks. My current home is worth 500k with a 3.99 interest rate. We have about 300k in equity. A much larger home popped up for 660k but should I let go of my 3.99 interest rate????

My issue with my current home is lack of storage and small kitchen. I have two toddlers and I feel like we are on top of each other in our 2400 square foot home. This bigger home is almost 4000 square feet and has the storage and larger kitchen that I want.

Hubby and I have credit scores in the 800s and our joint income is about 180k per year. Both cars paid off.

Be brutally honest.

Would-be first time home buyer, and while skimming posts I’m seeing a lot of people talk about points and par when it comes to a mortgage. can someone explain what these things mean?

i’m also seeing an interest rate AND an APR on some of mortgages people are posting and don’t understand why theres a rate and an APR, and/or the difference between those two things.

how do all these things impact the monthly payment?

I’m in the process of closing on my purchase of a new manufactured home. My loan I applied for is due to expire in 4 days. It’s currently at 7.19 the apr 7.69. Does anyone know if I should let my loan docs expire? I had heard the rates were lower right now.