Anybody familiar with mortgage financing thru Fannie Flex 100?

Fiance and I were qualified for this program 6.5% interest rate, fixed 30 yr, with no money down, and about $ 5000 closing costs? Although we are going through the broker who is charging us .50% loan origination and the lender charges 1%? So, we have about $ 1900 in loan origination. Isnt this too much?

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