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Showing 3 fha loan specialists in Northampton, 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.
UMassFive College Federal Credit Union
225 King St, Northampton, MA 01060
4132565500
Northampton Financial Services
243 King St, Northampton, MA 01060
8007910822
Richard Fox - Mortgage Loan Officer
175 Main St, Northampton, MA 01060
4132191772
What Does a FHA Loan Specialist in Northampton 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 usually range from 3 to 6 percent of the purchase price. Lender fees may include origination fees of 1 to 2 percent. These costs vary by lender and loan size. 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 does an FHA loan specialist in Northampton do?
An FHA loan specialist guides you through the FHA loan process including pre approval application and closing. They help you understand FHA requirements such as the 3.5 percent minimum down payment and the upfront mortgage insurance premium. Specialists also ensure your loan complies with Massachusetts state lending laws.
What are the FHA loan limits for Northampton Massachusetts?
For 2024 the FHA loan limit for a single family home in Hampshire County including Northampton is $498,257. This limit applies to standard FHA loans and may be higher for duplexes or triplexes. Limits are set by HUD and updated annually.
How long does the FHA loan process take in Massachusetts?
The typical FHA loan process in Massachusetts takes 30 to 45 days from application to closing. This timeline includes appraisal underwriting and final approval. Delays can occur if additional documentation is needed or if the property requires repairs.