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Showing 2 fha loan specialists in Sterling, MA
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What Does a FHA Loan Specialist in Sterling Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of 1% of the loan amount, usually between $3,000 and $5,000 for a median-priced home. You will also pay an upfront mortgage insurance premium of 1.75% of the loan amount and an annual premium of 0.55% to 0.85%. These costs vary by lender and your specific financial profile. 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 in Sterling do?
An FHA loan specialist helps you apply for a loan insured by the Federal Housing Administration. They review your credit, income, and property details to ensure you meet FHA guidelines. In Massachusetts, they also help you understand state-specific closing cost rules and mortgage insurance requirements.
What are the FHA loan limits for Sterling Massachusetts?
For 2025, the FHA loan limit for a single-family home in Worcester County including Sterling is $498,257. This limit applies to most areas in Massachusetts and is set by the Department of Housing and Urban Development. Higher limits may apply for multi-unit properties.