buying house?

Hi everybody,
We see a lo t of ads on TV, internet etc with company such as Quick Loans, Countrywide etc… advertising mortgages for $ 400,000 for $ 1300/month. We’re thinking of buying a house in FL sometimes in the next few months. What’s the catch 22 with those companies compared to going to a regular bank. They all seem to be okay with a minimum down payment etc… but the same amount financed at a bank will cost close to double… so just wondering what’s behind all this.
Thanks a bunch!
PC

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