Compare FHA Loan Specialists in Lewiston, ME
Compare fha loan specialists in Lewiston. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Maine before hiring.
Showing 3 fha loan specialists in Lewiston, ME
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An FHA loan specialist in Lewiston, Maine helps homebuyers navigate Federal Housing Administration loans, which are popular for first-time buyers and those with lower credit scores. Maine law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System. Local specialists understand Lewiston real estate market conditions and can guide you through Maine specific property appraisal rules.
What Does a FHA Loan Specialist in Lewiston Cost?
Typical costs for an FHA loan in Maine include an upfront mortgage insurance premium of 1.75% of the loan amount, which can be rolled into the loan. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Closing costs in Lewiston generally range from 2% to 5% of the purchase price. These costs vary by lender and loan amount. 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 Lewiston?
An FHA loan specialist helps you determine if you qualify for an FHA loan, assists with the application, and ensures the property meets FHA minimum property standards. They also explain Maine specific requirements such as lead paint disclosure for homes built before 1978.
What are the FHA loan limits for Lewiston Maine?
For 2025, the FHA loan limit for a single family home in Androscoggin County, which includes Lewiston, is $498,257. This amount may change annually based on the median home price in the area.