An FHA loan specialist in Sunnyvale, California helps homebuyers navigate FHA-insured mortgages, which require a minimum 3.5 percent down payment and a credit score of 580 or higher. California law requires lenders to provide a Good Faith Estimate and a Loan Estimate within three business days of application. Sunnyvale residents often use FHA loans to purchase single-family homes or condos in Santa Clara County.
What Does a FHA Loan Specialist in Sunnyvale Cost?
Typical costs for an FHA loan specialist in California include an origination fee of 1 percent of the loan amount, an upfront mortgage insurance premium (UFMIP) of 1.75 percent, and an annual mortgage insurance premium (MIP) of 0.55 percent to 0.85 percent. For a $800,000 loan in Sunnyvale, the UFMIP would be about $14,000, and the annual MIP would be $4,400 to $6,800. Appraisal fees range from $500 to $700, and title insurance costs around $2,000 to $3,000. 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.
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