r/MortgageBrokerRates

My fiancée and I (27F & 27F) are first time home buyers in Georgia, and we’d really appreciate an honest review of our Loan Estimate before we move forward.

We’ve never bought a home before, so we’re trying to figure out: Is this a competitive interest rate? Are the lender fees reasonable? Is there anything on here that’s a red flag? Would you shop around more if you were us? Is there anything you would negotiate before closing?

Some additional details: This is new construction. 30 year, conventional loan. My credit score is 790, hers is a 690 (thought it was 770 when we started but student loans happened). Purchase price is $608K, we’re putting 20% down, and using preferred lender as they gave incentive. Right now we’re thinking of doing a 2/1 buydown in hopes of refinancing. Is that smart?

I’ve attached the entire Loan Estimate and want your opinions. Please don’t hold back, we’d much rather hear the hard truth now than regret something later.
If you were in our shoes, would you sign this loan today?

I’m at a 7.5% right now. Would this be a good loan to get to refi down the line? Loan depot told me that it wouldn’t cost anything to refi with them next time. Unsure if it’s true. Thankyou for any help

Went with the builder preferred lender to get $25,000 in flex cash. I’m also the agent that’s getting paid commission on my own purchase. VA 30yr locked. Beat me up in the comments about spending 20k on buying the rate down.

Im a first time home buyer, because of suggestions, i decided to get a pre approval from my bank wells fargo, my 1st pre approval was given on 05/2026, it was $266k , purchase price $280k, down $14k.

2 months later my pior pre approval expired with same numbers as before no underwriting, the wells fargo loan officer came up with mortgage amount $240k, purchase price $280k, down $40k !, loan officers logic was its because of the new rate.

I told them to cancel my pre approval, going with other lenders , probably a broker, because im not putting down $40k lol.

Anyone know why in only 2 months time my down is so much more and mortgage amount less?, my numbers are the same in 1st and last pre approval.

Dual VA loan, said the funding fee will be added during underwriting???? How legit is this?? Loan is with freedom mortgage through a broker

It seems pretty good, I don't know if it can get better? Looking to refi my existing condo mortgage, which is at 7.125%. I can afford to pay up to $1100, I pay $950 currently with PITI. Credit score came in at 797. Located in Nevada.

Credit score is in 800’s.
Moderate income, which is supposedly the reason for the 10% down payment

**Update: seller is paying an additional 3.5k in closing costs, prepaid, etc
Also, I have paid 2k in earnest money to factor in.
Please offer suggestions Thanks in advance!

My wife and I are in the process of purchasing a condo as a vacation home in New Jersey for 315k and the broker has said the the loan initially offered won’t accept our condo due to work that needs to be done. Is the rate provided and associated fees normal? Our closing costs seem very high.

Working with Taylor Morrison home funding. I’m in California. This is what my loan officer sent me as a tool for possible VA loan. The rate seems much on the lower side, I had asked about it and she said she did the estimate based on the current market that day. 6/26/2026.

Rate buy down is using seller credits, I may use a little less towards buydown to get to the table with $0 cash. What do you guys think?

Too good to be true?

Comparing two options, financing a home with 5% down, and converting existing home to second rental. Waiting for a third estimate but wasn't sure what was the better of these two and if I should keep shopping. Closing in 60 days. I will have a 10k seller credit on both loans, loan 2 doesn't reflect the seller credit in cash to close. 780+ credit score

Credit score is 806. Should i shop around some more or lock it in? State is MA.

30 year conventional loan. We are looking to buy our first home in FL, wanted to ask and see how good or bad this looks. We would have no PMI as builder is covering it. Thanks in advance!!

First time home buyer from MN utilizing VA loan. My credit score at pre-approval a month ago* was 774 and today it's 786 per credit karma. I feel like my rate could be better but what do you all think?

Edit* It's actually been past 45 days since my first hard credit pull.

Buying in PA

New home build, this was about a month ago. I think the lower of our middle scores was 774.