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Showing 2 fha loan specialists in Hampden, 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.
CUSO Home Lending
101 Western Ave, Hampden, ME 04444
8003602876
Maine Mortgage Services
40 Western Ave, Hampden, ME 04444
2078622458
What Does a FHA Loan Specialist in Hampden Cost?
Typical costs for an FHA loan specialist in Maine include an origination fee of 1 to 2 percent of the loan amount, plus third party fees for appraisal, credit report, and title services. Total closing costs often range from 3 to 5 percent of the purchase price. The upfront mortgage insurance premium is 1.75 percent of the loan amount, and annual MIP costs vary by loan term and down payment. 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 Hampden Maine?
An FHA loan specialist helps borrowers understand FHA loan requirements, pre qualify for financing, and submit complete applications. They work with lenders to ensure the property meets FHA minimum property standards and guide you through Maine specific closing procedures.
What are the FHA loan limits for Hampden Maine in 2025?
For 2025, the FHA loan limit for a single family home in Penobscot County, which includes Hampden, is $498,257 for a standard loan. Higher limits may apply for multi unit properties. These limits are set by HUD and can change annually.
Do FHA loans require a specific credit score in Maine?
FHA loans generally 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. Maine lenders may have their own overlays, so requirements can vary.