Compare FHA Loan Specialists in Boston, MA
Compare fha loan specialists in Boston. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Massachusetts before hiring.
Showing 19 fha loan specialists in Boston, MA
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An FHA loan specialist in Boston Massachusetts helps borrowers qualify for mortgages insured by the Federal Housing Administration. Massachusetts law requires all mortgage loan originators to be licensed through the Division of Banks. Boston buyers often use FHA loans for condos or single family homes in neighborhoods like Dorchester or Jamaica Plain.
What Does a FHA Loan Specialist in Boston Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of 0.5 to 1.5 percent of the loan amount. Third party costs like appraisal and credit report fees range from 500 to 1000 dollars. The upfront mortgage insurance premium is 1.75 percent of the base loan amount. Annual mortgage insurance premiums vary from 0.45 to 1.05 percent based on loan term and loan to value ratio. 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 are the FHA loan limits for Boston Massachusetts in 2025?
For 2025 the FHA loan limit for a single family home in Suffolk County which includes Boston is 524225 dollars. Higher limits apply for duplexes triplexes and four unit properties. These limits are set by the Department of Housing and Urban Development and may change annually.
Do I need a special license to be an FHA loan specialist in Massachusetts?
Yes all mortgage loan originators in Massachusetts must hold a valid license from the Division of Banks under Massachusetts General Laws Chapter 255E. They must also complete continuing education and pass a background check. FHA approval is an additional credential from HUD.
What is the minimum down payment for an FHA loan in Boston?
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 credit score is between 500 and 579 you may need a 10 percent down payment. These requirements apply nationwide including Boston.