5.5% for 30 yer fixed for 275K FHA is fine ?I am buying my first house. My credit score is around 730. Selling price 285 K, with seller paying 2K for closing. I pay 18K as down payment. FHA loan from my bank can be locked at 5.5% for 30 year fixed with no points. The bank charge an application fee of $395. They estimate the total closing fee as $2500. Is the loan offer a good deal ?July 06 2009 - Superior00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.