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We have signed the contract to buy a $595,000 2BR brownstone apt w/ 20% down. The mortgage broker initially said (a few weeks ago) that we would be able to get a 5.65% loan with no points. He called me today and said b/c it is a jumbo loan ($472,000) in a 3 unit condo that it is most likely going to be a 5.75% loan w/ half a point. He said that he came to this conclusion after checking with various lenders.

We are first time buyers and I am happy to listen to this guy b/c I know going through a single bank could be problematic.

Also, I know that it is difficult to get loans at the moment and maybe this is typical, but I just wondered if his numbers sounded about right for this sort of purchase.

We have excellent credit (755) and decent income (150k) & hope to close by the end of the month.

Any advice much appreciated.

Thanks