Compare FHA Loan Specialists in Monterey, CA
Compare fha loan specialists in Monterey. Review contact information and insurance categorys before you decide.
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 16 fha loan specialists in Monterey, 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.
What Does a FHA Loan Specialist in Monterey Cost?
Typical costs for an FHA loan specialist in California include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium ranging from 0.45 to 1.05 percent. Origination fees usually range from 0.5 to 1.0 percent of the loan amount. Appraisal fees in Monterey average 500 to 700 dollars. Total closing costs often fall between 3 and 5 percent of the home 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 main FHA loan requirements in Monterey California?
FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers must have a debt to income ratio below 43 percent. The property must also meet FHA minimum property standards and be your primary residence.
How do I find a qualified FHA loan specialist in Monterey?
You can search for FHA approved lenders through the HUD lender list online. Look for specialists who have experience with California specific regulations and local property types. Verify their license with the California Department of Financial Protection and Innovation.