If we get an FHA loan by a mortgage lender, it does not matter what we’re going to lenders?

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Some mortgage lenders charge an interest rate on FHA loans, the other?
My lender does not want to find a mortgage lower rates, because they want to maximize their profits. The current rate of 4.875%, but they give me a rate of 5.5% and a fee of $ 965. Since then, I’ll be the HOP (one of the government’s aid program payments) used, I can not change the lender now, because they keep my money from the government, and they gave me was the speed I use. You will only receive as much money as they can from me. I’m really angry against these lenders. So I hope someone can help me.

  1. Reply
    Bob B
    February 21, 2011 at 6:59 pm

    doesnt matter which lender you use….The rates and fees can vary …shop around…

  2. Reply
    February 21, 2011 at 7:43 pm

    Yes, rates may vary with different lenders. What else you need to consider is closing costs, which can cost you thousands more through certain lenders, so be sure to ask for a Good Faith Estimate of fees associated with the mortgage.

  3. Reply
    Ed Atun
    February 21, 2011 at 8:32 pm

    Start at the State Banking Department. They will help. Then you can go to the US Department of Justice to file a complaint. The Mortgage Bankers Association also handles complaints about members. If fraud is involved, go to the District Attorney..

  4. Reply
    February 21, 2011 at 8:34 pm

    There are a number of reasons as to why your lender is not giving you this rate you’ve found. By the way, how did you find this rate?
    Your credit score may be to low to get the better rate. Your rate may already be locked in which protects you from rates going up not if they go down. Not to mention you have very low fees, the lender does not work for free. You can either have low fees and a higher rate or can pay higher fees and get the lower rate.

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