

Let me know what you think about the two loan estimates
Trying to compare the two lenders. One is the in house lender and the other is not.
The in house lender wants me to get my score up to a 640 I’m at a 624 but did give me a loan estimate. Comes with other goodies like lender credit in the amount of $2,000.00 to cover Loan Administration fee, and a portion of the appraisal fee. In addition, Seller will cover the following:
- Up to $750.00 for Buyer's Homeowner Insurance premium and/or insurance escrows. No approval with in house yet.
The other lender gave me a conditional approval but I need to have 7500 in reserves before closing plus they were able to add on a grant.
The in house lender has the higher rate. This is for a To be built well now under construction