FHA Loan Specialists in Timonium, MD
Compare fha loan specialists in Timonium. Review contact information and insurance categorys before you decide.
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 17 fha loan specialists in Timonium, 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 Timonium Cost?
Typical costs for FHA loan services in Maryland include an origination fee of up to 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.15 percent to 0.75 percent depending on loan term and down payment. Appraisal fees in the Timonium area usually run between $500 and $700. Closing costs generally total 2 to 5 percent of the purchase price. 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 in Timonium do?
An FHA loan specialist helps you determine if you qualify for an FHA loan, explains the required mortgage insurance premiums, and assists with the application process. They also ensure the property meets FHA minimum property standards required in Maryland.
What are the FHA loan limits for Timonium Maryland?
For 2024 the FHA loan limit for a single family home in Baltimore County including Timonium is $498,257. Higher limits apply for duplexes triplexes and four unit properties. These limits are set by the U.S. Department of Housing and Urban Development.
Do I need a special license to be an FHA loan specialist in Maryland?
Yes. In Maryland mortgage loan originators must be licensed through the Nationwide Multistate Licensing System. They must also complete pre licensing education pass a background check and meet continuing education requirements each year.