Find FHA Loan Specialists in Lafayette, CA
Directory of fha loan specialists in Lafayette, 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 12 fha loan specialists in Lafayette, CA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Lafayette California help homebuyers secure mortgages insured by the Federal Housing Administration. These loans are popular for first-time buyers and those with lower credit scores. California law requires specialists to hold a valid mortgage loan originator license through the Nationwide Multistate Licensing System (NMLS).
What Does a FHA Loan Specialist in Lafayette Cost?
Typical costs for an FHA loan specialist in California include an origination fee of 1 to 2 percent of the loan amount. Upfront mortgage insurance premium (UFMIP) is 1.75 percent of the loan, and annual MIP ranges from 0.45 to 1.05 percent depending on loan term and amount. Closing costs in Lafayette usually total 3 to 5 percent of the purchase price. 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 requirements in California?
FHA loans in California require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers must also have a debt-to-income ratio below 43 percent and the property must meet FHA appraisal standards. California specific rules include additional disclosures for high-cost areas like Lafayette.
How do I choose an FHA loan specialist in Lafayette?
Look for a specialist licensed in California with experience in FHA lending. Verify their NMLS number and check for any disciplinary history through the California Department of Financial Protection and Innovation. Ask about their familiarity with Contra Costa County property values and local appraisal trends.
Are there California specific FHA loan limits for Lafayette?
Yes FHA loan limits vary by county. For Contra Costa County in 2024 the floor limit is typically around $498,257 for a single-family home. High-cost area adjustments may apply so a specialist can confirm the exact limit for Lafayette properties.