An FHA loan specialist in Longmont Colorado helps borrowers qualify for mortgages insured by the Federal Housing Administration. These loans often require lower down payments and credit scores than conventional loans. Colorado law requires FHA specialists to be licensed by the state Division of Real Estate and follow specific disclosure rules for home loan transactions.
What Does a FHA Loan Specialist in Longmont Cost?
Typical costs for an FHA loan specialist in Colorado include an origination fee of 1% to 1.5% of the loan amount and an upfront mortgage insurance premium of 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.45% to 1.05% depending on loan term and down payment. Closing costs in Longmont average 3% to 5% 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.
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