Find FHA Loan Specialists Near You in Glen Burnie, MD
Browse fha loan specialists serving Glen Burnie, Maryland. 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 Maryland before hiring.
Showing 4 fha loan specialists in Glen Burnie, 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.
What Does a FHA Loan Specialist in Glen Burnie Cost?
Typical costs for an FHA loan specialist in Maryland include an upfront mortgage insurance premium of 1.75 percent of the loan amount, and an annual mortgage insurance premium ranging from 0.45 percent to 1.05 percent. Lender origination fees usually range from 1,000 to 3,000 dollars. Appraisal fees in the Glen Burnie area average 500 to 700 dollars. Closing costs generally total 3 to 5 percent of the loan amount. This is general information, 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 down payment requirements in Glen Burnie?
FHA loans typically require a minimum down payment of 3.5 percent of the purchase price for borrowers with a credit score of 580 or higher. For scores between 500 and 579, a 10 percent down payment is needed. These requirements apply statewide in Maryland.
Are there Maryland-specific FHA loan limits for Glen Burnie?
Yes, FHA loan limits in Maryland vary by county. For Anne Arundel County, which includes Glen Burnie, the 2024 floor limit for a single-family home is 498,257 dollars. Higher limits apply for multi-unit properties.