FHA Loan Specialists in Downey, CA
Browse fha loan specialists serving Downey, California. Contact information and addresses listed below.
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 20 fha loan specialists in Downey, CA
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An FHA loan specialist in Downey, California can help homebuyers navigate the Federal Housing Administration loan process. California law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Downey residents often use FHA loans for their lower down payment requirements and flexible credit guidelines.
What Does a FHA Loan Specialist in Downey Cost?
Typical costs for an FHA loan in Downey include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent for most loans. Closing costs generally range from 2 to 5 percent of the purchase price, including appraisal fees of $500 to $700, title insurance, and lender fees. California law requires a Good Faith Estimate of fees. This is general information and 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 Downey, California?
For 2025, the FHA loan limit for a single-family home in Los Angeles County, including Downey, is $1,209,750. This higher limit applies because the area is designated as a high-cost region under California housing guidelines.
What credit score is needed for an FHA loan in Downey?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but must put down at least 10 percent. California lenders may have their own overlays above these minimums.
How does California law affect FHA loan closing costs?
California law limits certain fees, such as the document preparation fee, to actual costs. FHA loans require an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium. All fees must be disclosed in the Loan Estimate within three business days of application.