3.5 is a good rate on FHA. The closing costs are always going to involve prepaids, such as daily interest. The title and escrow is third party and their fees seem reasonable, they should be based upon the loan size. Have the loan officer pay your closing costs from the UFMIP refund, if there is one, and a lender credit. You should not have to come to the table with more than your mortgage payment. Good luck
Hi Banner,
The rate that you have mentioned here is quite good for a FHA streamline refinance. However, you should note that rates change on a daily basis. So, if you wish to maintain this rate, you will have to go for a rate lock with the lender.
Take care
The rate that you have mentioned here is quite good for a FHA streamline refinance. However, you should note that rates change on a daily basis. So, if you wish to maintain this rate, you will have to go for a rate lock with the lender.
Take care