Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for user6760473

FHA Streamline refi closing costs

I'm trying to lower the closing costs on a FHA streamline refinance. The loan amount is $125k. We're paying $1500 to lower the interest rate to 3.25 (current mortgage is 6%). We're being asked to fund the new escrow with $780 (even though our taxes and insurance have just been paid for the year, within the last 2 months). The title services are quoted at $1000. New lender's origination is $156. The title insurance is the lender's coverage, not ours. Is it unreasonable to ask them to pay for their own title insurance, and we can pay for the fees for the title search and tax certification? We're in GA, by the way.
  • October 29 2012 - US
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

That's always the challenge on steamlines-funding the new escrow account.  There is a form call "Loan summary and fee details".  Please explain details from that page.
  • October 29 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.

The fees sound very reasonable.
  • November 08 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We 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.