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Showing 3 fha loan specialists in Tyngsborough, 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.
Matt Desharnais | Homebridge | Mortgage Loan Originator
164 Westford Rd STE 9, Tyngsborough, MA 01879
9787040122
CMG Home Loans
164 Westford Rd STE 9, Tyngsborough, MA 01879
6175297275
Chris Leopold - Loan Officer at CMG Home Loans Mortgage, NMLS# 2080985
164 Westford Rd STE 9, Tyngsborough, MA 01879
6178346799
What Does a FHA Loan Specialist in Tyngsborough Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of 1% of the loan amount and an upfront mortgage insurance premium of 1.75% of the loan. Closing costs usually range from 2% to 5% of the purchase price. Annual mortgage insurance premiums are about 0.55% of the loan balance. Costs vary by situation. 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 do in Tyngsborough?
An FHA loan specialist guides you through the FHA loan process including pre-approval documentation and property appraisal. They help ensure the home meets FHA minimum property standards required by Massachusetts building codes.
Do I need a special license for an FHA loan in Massachusetts?
Yes. All mortgage loan originators in Massachusetts must hold a valid license from the Division of Banks under M.G.L. Chapter 255F. The specialist must also pass a criminal background check and complete annual continuing education.
What are the FHA loan limits for Tyngsborough Massachusetts?
For 2024 the FHA loan limit for a single-family home in Middlesex County is $1,149,825. This high limit reflects the area median home prices. Limits are updated annually by HUD.