Compare FHA Loan Specialists in Augusta, ME
Browse fha loan specialists serving Augusta, Maine. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Maine before hiring.
Showing 7 fha loan specialists in Augusta, ME
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Augusta, Maine can help you navigate the Federal Housing Administration loan process. Maine law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System. Local specialists understand Augusta market conditions and Maine specific property appraisal guidelines.
What Does a FHA Loan Specialist in Augusta Cost?
Typical costs for an FHA loan specialist in Maine include an origination fee of up to 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Closing costs in Augusta usually range from 2 to 5 percent of the purchase price. These costs vary by lender and loan size. 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 Augusta Maine?
For 2024 the FHA loan limit for a single family home in Kennebec County is $498,257. This limit is set by the Department of Housing and Urban Development and may change annually.
Do I need a special license to originate FHA loans in Maine?
Yes all FHA loan originators in Maine must hold a valid state license through the NMLS. They must also complete annual continuing education on Maine lending laws and federal regulations.
What is the minimum down payment for an FHA loan in Maine?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. Maine first time homebuyer programs may offer additional down payment assistance.