Find FHA Loan Specialists Near You in Beverly, MA
Browse fha loan specialists serving Beverly, Massachusetts. 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 Massachusetts before hiring.
Showing 10 fha loan specialists in Beverly, MA
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FHA loan specialists in Beverly Massachusetts help homebuyers secure government-backed mortgages with lower down payments. Massachusetts law requires FHA loans to meet specific property condition standards under state building codes. Local specialists understand the unique housing market in Essex County and can guide you through the FHA approval process.
What Does a FHA Loan Specialist in Beverly Cost?
Typical costs for an FHA loan specialist in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs in Beverly usually range from 2 to 5 percent of the purchase price. These costs vary based on the lender and your financial profile. 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 the minimum down payment for an FHA loan in Beverly Massachusetts?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price. This applies to all FHA loans in Massachusetts including those in Beverly. Borrowers must also have a credit score of at least 580 to qualify for the 3.5 percent down payment.
Are there Massachusetts-specific FHA loan limits for Beverly?
Yes FHA loan limits vary by county in Massachusetts. For Essex County in 2025 the standard FHA loan limit for a single-family home is typically around $498,257. High-cost areas may have higher limits. A local specialist can confirm the current limit for your specific property.
What property conditions are required for an FHA loan in Massachusetts?
FHA loans require the property to meet minimum property standards set by HUD. In Massachusetts the home must also comply with the state sanitary code and local building codes. The FHA appraiser will check for safety hazards such as lead paint in homes built before 1978.