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 Maryland before hiring.
Showing 7 fha loan specialists in Eldersburg, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
McCormick Mortgage Services
1932 Liberty Rd, Eldersburg, MD 21784
4107951932
James Adamson - Ameris Bank Mortgage
1332 Londontown Blvd #203, Eldersburg, MD 21784
3017176272
Larry McMillan - Ameris Bank Mortgage
1332 Londontown Blvd #203, Eldersburg, MD 21784
4103408963
Ameris Bank Mortgage Office
1332 Londontown Blvd #203, Eldersburg, MD 21784
4433721740
The Mortgage Maestro
2028 Liberty Rd Suite 202, Eldersburg, MD 21784
4433980711
Ryan Adamson - Ameris Bank Mortgage
1332 Londontown Blvd #203, Eldersburg, MD 21784
4102599323
John W Riordan - Truist Mortgage Loan Officer
1300 Liberty Rd, Eldersburg, MD 21784
4107951439
What Does a FHA Loan Specialist in Eldersburg Cost?
Typical costs for an FHA loan in Maryland include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, which can be financed into the loan. Annual mortgage insurance premiums (MIP) range from 0.45% to 1.05% depending on loan terms and down payment. Closing costs in Eldersburg usually total 2% to 5% of the purchase price, covering appraisal fees, title insurance, and lender fees. 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 is an FHA loan specialist in Eldersburg?
An FHA loan specialist is a licensed mortgage professional who guides borrowers through FHA loan requirements, including credit score minimums and debt-to-income ratios. In Maryland, these specialists must hold an active NMLS license and comply with state regulations.
What are the FHA loan limits for Eldersburg Maryland?
For 2024, FHA loan limits in Carroll County, including Eldersburg, are set by the Department of Housing and Urban Development. The standard limit for a single-family home is typically around $498,257, but higher limits may apply in high-cost areas.
How long does an FHA loan process take in Maryland?
The FHA loan process in Maryland generally takes 30 to 45 days from application to closing. This timeline can vary based on appraisal scheduling, under review, and borrower document submission.