Good deal? Should I take it?

A 225K FHA loan t 4.75% should have no points and no origination fee. Currently, 4.75% should rebate back to you, at minimum, $5,452 to be used towards your closing costs. (based on a 2.298 discount) No one needs to make $5,171 on a 225K FHA loan so if you assume a 1% broker origination fee, you should easily get 4.75% with a credit of $3,202 for closing costs. You need to shop around a bit more. The scenario you described should yield you a 4.375% interest rate. Gregorio Denny -- WeFixRates.Com --

Correction, 4.75% should rebate 2.448% at minimum and that was the number used in the calculations.

It looks like you are getting some good answers. It's always best to shop around. We have an easy online application www.financialaccessinc.net. We'd love to hear from you.

I can BEAT ALL the quotes given to you. Please email me so that I may send you a FREE, No Obligation Quote. We are a Nationwide Direct Lender and can close very quickly since we usually fund and service our own loans. I can be reached at adennie@fmbranch.com. Look forward to Earning your business.