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Showing 2 fha loan specialists in Bridgeport, CT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Smart Financial Services Corp.
964 Madison Ave, Bridgeport, CT 06606
2034377916
Veronica Feliciano-Cruz - Chase Home Lending Advisor - NMLS ID 624795
2125 Main St, Bridgeport, CT 06606
7815893432
What Does a FHA Loan Specialist in Bridgeport Cost?
Typical costs for FHA loan specialist services in Connecticut include an origination fee of 1% to 1.5% of the loan amount. Upfront mortgage insurance premium is 1.75% of the loan, and annual mortgage insurance ranges from 0.45% to 1.05% of the loan balance. Appraisal fees in Bridgeport average $500 to $700. These costs vary by lender and borrower profile. 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 does an FHA loan specialist do in Bridgeport Connecticut?
An FHA loan specialist helps borrowers understand FHA loan requirements, including minimum credit scores and down payment rules. They also assist with gathering documents and submitting applications to FHA-approved lenders. In Connecticut, specialists must follow state licensing rules for mortgage originators.
What are the FHA loan limits for Bridgeport Connecticut?
For 2024, the FHA loan limit for a single-family home in Fairfield County including Bridgeport is $1,149,825. This high limit reflects the area's elevated housing costs. Limits are updated annually by the Department of Housing and Urban Development.
Can I use an FHA loan to buy a multi-family property in Bridgeport?
Yes, FHA loans allow the purchase of two to four unit properties if the borrower occupies one unit as a primary residence. In Bridgeport, this can be a useful option for first-time buyers. Connecticut law requires proper inspections and lead paint disclosures for older properties.