FHA Loan Specialists in Wallingford, CT
Compare fha loan specialists in Wallingford. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Connecticut before hiring.
Showing 5 fha loan specialists in Wallingford, CT
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An FHA loan specialist in Wallingford Connecticut helps homebuyers navigate Federal Housing Administration insured loans. These loans often require lower down payments and credit scores than conventional mortgages. Connecticut law requires all mortgage originators to be licensed through the Connecticut Department of Banking.
What Does a FHA Loan Specialist in Wallingford Cost?
Typical costs for FHA loan services in Connecticut include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Lender fees can range from 500 to 1,500 dollars. Appraisal and credit report fees add 400 to 700 dollars. 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 FHA loan limits for Wallingford Connecticut?
For 2025 the FHA loan limit for a single family home in New Haven County including Wallingford is $524,225. This limit applies to standard FHA loans and may be higher for duplex or triplex properties.
Do I need a specific license to be an FHA loan specialist in Connecticut?
Yes all mortgage loan originators in Connecticut must hold a valid license through the Nationwide Multistate Licensing System and Registry. They must also complete annual continuing education approved by the Connecticut Department of Banking.
What credit score is needed for an FHA loan in Connecticut?
FHA loans typically 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. Each lender may set higher requirements.