Zillow Advice: Mortgage Rates - What can I do to get more (or better) quotes for my loan request ZR-TLGXNHG? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ Zillow Advice | Zillow Real Estate Do you want to buy around ... http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ Do you want to buy around $50K or $300K? I wanted to assume a normal pay range, but you never know.&nbsp;<br/><br/>5% down payment is not a problem, small loan sizes are. Like Vonda said, many of the fees are fixed in our industry and the law makes it hard to finance something small because of the "High costs rule".&nbsp;<br/><br/>The law was written to protect people from paying to much. It is a percentage of the loan amount. With processing, underwriting, appraisal.... the normal costs could be around $3000. If the loan is over $100K, no problem, under then it could be a high costs.&nbsp;<br/><br/>Congress wrote the rule to protect people, but it is not flexible enough to help people who are borrowing smaller amounts.&nbsp;<br/><br/>High costs loans can still be done, but they go under a microscope by lots of agencies. I guess what I am trying to say is high cost loans are just so a much a hassle that buy the time you do it, you end up loosing money. Fri, 30 Aug 2013 16:42:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ 2013-08-30T16:42:00Z Thanks, Vonda.&nbsp;I appreciate ... http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ Thanks, Vonda.&nbsp;I appreciate your&nbsp;feedback and will definitely look into payment assistance in PA.<br/><br/>Lea Ann Fri, 30 Aug 2013 13:30:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ 2013-08-30T13:30:00Z HI Scotty128,I am in GA so ... http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ HI Scotty128,<br/>I am in GA so what I say may be wrong for PA. You should speak with a loan officer in your state.<br/>In GA such a low loan would trigger what we call an high cost loan.&nbsp; That means the loan itself cannot support the normal costs associated with processing a loan.&nbsp; Bascially, I would be working for free because I could not charge you the min. amount of fees.&nbsp; Therefore, I would have to increase the interest rate so it can absorb the fees.<br/>As for the&nbsp;down payment, you may want to see if you qualify for down payment assistance. Fri, 30 Aug 2013 02:56:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-TLGXNHG/508363/ 2013-08-30T02:56:00Z