how much deos fannie mae charge to guarnatee a mortgage?

Deal Score0

my credit score is 2 points lower than my mortgage broker accepts so he is doing a fannie mae guarantee. The charge for us is $ 2800.00. Is that standard? the loan amount is about 350,000 on a 500,000 home in NJ. I appreciate everyones input but I am not looking for ways to fix my credit score just about the fannie mae charge and how that works. thanks!!!

1 Comment
  1. Reply
    jwishz
    May 18, 2011 at 10:34 am

    No cost to the borrower. That fee is paid by the lender.

    Leave a reply

    Register New Account
    Reset Password