Find FHA Loan Specialists in Shrewsbury, MA
Directory of fha loan specialists in Shrewsbury, Massachusetts. Verify credentials with the state state mortgage licensing authority before hiring.
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 4 fha loan specialists in Shrewsbury, MA
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An FHA loan specialist in Shrewsbury Massachusetts helps home buyers and homeowners secure loans insured by the Federal Housing Administration. Massachusetts law requires all mortgage loan originators to be licensed through the state Division of Banks. Local specialists understand Shrewsbury property values and can guide you through FHA guidelines for single-family homes and condos.
What Does a FHA Loan Specialist in Shrewsbury Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Shrewsbury average 3 to 5 percent of the purchase price. 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 does an FHA loan specialist do in Shrewsbury?
An FHA loan specialist helps you apply for an FHA-insured mortgage. They review your credit, income, and property eligibility. They also explain Massachusetts specific requirements like the state housing counseling program.
What are the FHA loan limits for Shrewsbury Massachusetts?
For 2024, the FHA loan limit for a single-family home in Worcester County including Shrewsbury is $498,257. Higher limits apply for multi-unit properties. Your specialist can confirm current limits.
Do I need a special license to work with an FHA loan specialist in Massachusetts?
Yes. All mortgage loan originators in Massachusetts must hold a state license through the Division of Banks. You can verify a specialists license on the Nationwide Mortgage Licensing System website.