FHA Loan Specialists in Auburn, MA
Looking for a fha loan specialist in Auburn? Review the directory below to compare your options.
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 Massachusetts before hiring.
Showing 17 fha loan specialists in Auburn, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Auburn Massachusetts help home buyers secure government-backed mortgages with lower down payments. Massachusetts law requires all mortgage loan originators to be licensed through the Division of Banks. Local specialists understand Auburn real estate trends and can guide you through FHA appraisal and underwriting rules.
What Does a FHA Loan Specialist in Auburn Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of 1 to 1.5 percent of the loan amount. Third party costs such as appraisal and credit report fees range from 500 to 1000 dollars. The upfront mortgage insurance premium is 1.75 percent of the loan amount and can be financed. Annual mortgage insurance premiums vary from 0.45 to 1.05 percent depending on loan terms. This information is general 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 are the FHA loan limits for Auburn Massachusetts in 2025?
For 2025 the FHA loan limit for a single family home in Worcester County including Auburn is 524225 dollars. Limits are set by HUD and may change each year. A specialist can confirm the current limit for your specific property type.
Do I need a Massachusetts license to be an FHA loan officer?
Yes all mortgage loan originators in Massachusetts must hold a valid license through the Nationwide Multistate Licensing System. The Massachusetts Division of Banks oversees this requirement. An FHA loan specialist in Auburn will have this license.
What is the minimum down payment for an FHA loan in Massachusetts?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. If your score is between 500 and 579 you may need a 10 percent down payment. These rules apply statewide including Auburn.