I have avg. credit score 800, husband avg. 660, do we have to pay points on Mortgage?Together we have good income, not much debt and are ready to purchase. We also have 20% down payment. We recently got a GFE from a mortgage company for a 260k loan and they are quoting us almost 7k in closing costs plus $5,200 in points. I'm thinking this is crazy. My husbands credit was affected by a divorce in 2007 and hasn't had anything against it since but hasn't borrowed much. We also belong to 2 credit unions. Is it worth applying for a home loan with them? Will we get more hits on our credit everytime we apply? Will we have to pay points??June 26 2013 - US00YesReport 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.