Whose fault is it my realtors OR my brokers?

Your agent is not the lender and the initial GFE is based often upon best case scenarios. Some loan programs will not allow all costs to be borne by a selling party also. The 5K will help and $1,200 in buyers own funds is not an unreasonable figure. The lender should have been a bit more accurate prior to your making the offer and informed you of a more exact figure to place in the offer. The seller might have countered that and given you less that you are getting now. I hope you got the closing costs and a nice price break.

Is your closing date scheduled towards the beginning or end of the month? The closer you move it to the end of the month, the less you will have to pay in prepaids. You could save several hundred dollars doing that. As far as who's fault it is, I would say it's your fault for not having the GFE prior to making the offer on the house. I really don't think it's the realtors fault, because lender fees/closing costs can vary greatly between lenders.

That's the purpose of a GFE, to show you what is expected at closing. Did the GFE change from the time you first got it until now? If so, did the price of the property change? Interest rate? If the GFE changed by $1200 during the time between your initial contact to closing, something must be costing more.

the broking provider ought to have prevalent your debt to benefit ratios long until now you made an furnish and positioned up the earnest money. If that replaced into no longer the case then the realtor is at fault for no longer having a pre qualification accomplished to be certain purely how lots homestead you will possibly be able to desire to locate the money for. Now in case you probably did no longer provide precise education it would desire to be your fault in this technique. I pre qualify all my realtors clientele to furnish them the max own loan each and every furnish has a financing out clause so the deposit is back i'm a private loan banker in TN

It's your fault for not saving enough money to pay your expenses. You had 5K credit, you knew starting out that was an estimate. What part of that didn't you understand?

They surely knew what they were doing. It seems you were taken for a short ride. I would threaten them with going to the Board of Realtors in that City.

YOU. You signed it, you agreed to it. No one held a gun to your head. You should have done your research first and not signed it.