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Showing 2 fha loan specialists in Nevada City, 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.
Anne Solano at Clearview Home Lending, Inc.
200 Providence Mine Rd Suite 208, Nevada City, CA 95959
5307908319
Noel Brownell at Xpert Home Lending Inc.
206 Providence Mine Rd Suite 208, Nevada City, CA 95959
5308633882
What Does a FHA Loan Specialist in Nevada City Cost?
Typical costs for an FHA loan specialist in California include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 percent to 0.85 percent depending on loan term and down payment. Origination fees usually range from 0.5 percent to 1.5 percent of the loan amount. Appraisal fees in Nevada City average $500 to $700. 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 Nevada City California?
For 2024, the FHA loan limit for a single-family home in Nevada County is $498,257. This limit is set by the Department of Housing and Urban Development and applies to most areas in California. Higher limits may apply for multi-unit properties.
What credit score is needed for an FHA loan in California?
FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. California lenders may have their own overlays requiring higher scores.
Are there California-specific requirements for FHA loans?
Yes, California requires all FHA loans to include a Homeowners Exemption filing for property tax purposes. Also, California Civil Code Section 2948.5 mandates that lenders provide a Good Faith Estimate within three business days of application. These rules protect borrowers in the state.