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Showing 3 fha loan specialists in Mansfield, MA
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radius financial group inc.
214 Rumford Ave Unit 1, Mansfield, MA 02048
(508) 339-9400
radiusgrp.com
What Does a FHA Loan Specialist in Mansfield Cost?
Typical costs for an FHA loan in Massachusetts include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount and an annual mortgage insurance premium (MIP) ranging from 0.45 percent to 1.05 percent depending on loan terms. Closing costs in Mansfield generally range from 2 to 5 percent of the purchase price. These costs can vary based on the property and lender. 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 is the minimum down payment for an FHA loan in Mansfield 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. For scores between 500 and 579, a 10 percent down payment is required. These rules apply nationwide, including in Mansfield Massachusetts.
Are there any Massachusetts-specific FHA loan limits for Mansfield?
Yes, FHA loan limits vary by county in Massachusetts. For Bristol County where Mansfield is located, the 2024 FHA loan limit for a single-family home is typically around $498,257. Higher limits apply for multi-unit properties.