Find FHA Loan Specialists Near You in Arcadia, CA
Directory of fha loan specialists in Arcadia, California. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of California before hiring.
Showing 13 fha loan specialists in Arcadia, CA
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An FHA loan specialist in Arcadia, California can help you navigate the process of obtaining a government-backed mortgage. California law requires all loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Arcadia is a desirable market with strong property values, and a specialist can guide you on FHA loan limits and local housing trends.
What Does a FHA Loan Specialist in Arcadia Cost?
Typical costs for an FHA loan specialist in California include an origination fee of up to 1 percent of the loan amount, plus an upfront mortgage insurance premium (MIP) of 1.75 percent of the loan. Annual MIP ranges from 0.45 to 1.05 percent depending on loan term and down payment. Third-party fees for appraisal, credit report, and title services can add 1,500 to 4,000 dollars. Costs vary by lender and case specifics. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Arcadia, California?
For 2024, the FHA loan limit for a single-family home in Los Angeles County, which includes Arcadia, is $1,149,825. This high limit reflects the area's elevated home prices. A specialist can confirm the exact limit for your specific property type.
What are the minimum down payment requirements for an FHA loan in California?
FHA loans require a minimum down payment of 3.5 percent if you have a credit score of 580 or higher. If your score is between 500 and 579, you may need a 10 percent down payment. These requirements apply statewide in California.
Are there California-specific rules for FHA loan inspections?
Yes, FHA loans require an appraisal by an FHA-approved appraiser who follows HUD guidelines. California also requires a pest inspection for termites and dry rot in many cases. The appraisal must meet both FHA standards and California building code requirements.