An FHA loan specialist in Hagerstown Maryland helps homebuyers navigate Federal Housing Administration insured loans. These loans require a minimum 3.5 percent down payment and a credit score of at least 580. Maryland law requires lenders to provide a Good Faith Estimate and a HUD-1 Settlement Statement for all FHA transactions.
What Does a FHA Loan Specialist in Hagerstown Cost?
Typical costs for an FHA loan specialist in Maryland include an origination fee of 1 percent of the loan amount and third party fees for appraisal credit report and title search. These fees total between 3,000 and 6,000 dollars on a 200,000 dollar loan. The upfront mortgage insurance premium of 1.75 percent is added to the loan balance. 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.
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FHA Loan Specialists in Other Maryland Cities
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