My offer got accepted and I just want to sanity check that my lender is being fair with me.
The link below is my loan estimate for a ~$600k LA county townhome (with HOA, so considered a “condo”). I’m putting a 5% downpayment, and I’m getting a 5.125% interest rate. I have 740+ credit score, very good on paper borrower profile.
My lender said my origination costs are like that because I am getting a 0.75% “condo hit” which I wouldn’t get if I was buying a single family residence. Is that true?
It just seems to me that the origination costs are high (although I am getting a lender credit). Does this look normal?
I just want to sanity check the origination charges. I know for the other stuff I can’t really negotiate those (seller chooses escrow company, etc.). Thank you!