Like you, we thought it was too good to be true, but it isn't a scam.
It was painless and there were no closing costs. They even had a notary come to our house to do the closing at a time convenient for us.
We also opened a checking account with them and have the mortgage payment drafted from there each month. We will get a 1 percent rebate (based on the mortgage payment) back at the end of each year.
This post was edited on 6/15 at 12:16 pm