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 5 fha loan specialists in Longmeadow, 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.
Maldonado Mortgages
175 Dwight Rd Suite 100, Longmeadow, MA 01106
(413) 210-4204
maldonadomortgages.com
Fairway Independent Mortgage Company
175 Dwight Rd Suite 100, Longmeadow, MA 01106
(413) 949-0422
fairwayindependentmc.com
Louise Larocque | Fairway Independent Mortgage Corporation Senior Loan Officer
175 Dwight Rd Suite 100, Longmeadow, MA 01106
(413) 575-6220
loanbylouise.com
AnnieMac Home Mortgage
734 Longmeadow St office 314, Longmeadow, MA 01106
(413) 302-2215
annie-mac.com
What Does a FHA Loan Specialist in Longmeadow Cost?
Typical costs for an FHA loan in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs generally range from 2 to 5 percent of the purchase price. For a $300,000 home, expect total upfront costs between $6,000 and $15,000. These costs vary by lender and property. This is general information, 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 Longmeadow, Massachusetts?
For 2024, the FHA loan limit for a single-family home in Hampden County, which includes Longmeadow, is $498,257. This limit is set by the Department of Housing and Urban Development and applies to most areas in Massachusetts.
What credit score is needed for an FHA loan in Massachusetts?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. If your score is between 500 and 579, you may still qualify with a 10 percent down payment. Massachusetts lenders may have their own overlays that require a higher score.
Are there Massachusetts-specific requirements for FHA loans?
Yes, Massachusetts requires a licensed mortgage broker or lender to originate FHA loans. The state also mandates a 60-day right to cure period for foreclosure prevention, which can affect FHA loan modification timelines. Your specialist will explain these local rules.