Compare total costs to get the loan. Both lenders are quoting a zero point loan. It is best to fix all lenders at one rate and lock period to compare the total costs to attain this rate and lock period on this particular day. If this is the case make sure this fee is either credited to you at closing or is used for your credit and appraisal report. By converting these fees to actual dollars, you can get a truer cost comparison.
Some lenders quote zero point loans but charge and origination or broker point.
USA-Mortgage does not charge any origination points and YOU always choose whether you pay any other points. These fees can vary significantly depending on your lender. These fees are paid directly to a title company. Lastly, watch out for lenders playing the short lock-in game , where they are quoting you rates on a 15 day lock. If the lock expires prior to you closing on your mortgage, you lose your lock.