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Showing 10 fha loan specialists in Walpole, MA
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Ruby Santos Baranowski at Guaranteed Rate Affinity (NMLS #424965)
954 Main St Suite 2, Walpole, MA 02081
(781) 430-1083
grarate.com
What Does a FHA Loan Specialist in Walpole Cost?
FHA loan specialist fees in Massachusetts typically include an origination fee of 0.5% to 1.0% of the loan amount. Closing costs usually range from 2% to 5% of the purchase price. The upfront mortgage insurance premium is 1.75% of the loan amount and annual MIP varies from 0.45% to 1.05%. Costs vary by lender and loan specifics. 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 Walpole do?
An FHA loan specialist guides you through the FHA loan process from pre approval to closing. They help you understand property eligibility and mortgage insurance requirements. They also ensure compliance with Massachusetts specific lending laws.
What are the FHA loan limits for Walpole Massachusetts?
FHA loan limits for Walpole in Norfolk County are set annually by HUD. For 2024 the single family home limit is $644,000 for high cost areas. These limits can change each year based on local median home prices.
Do I need a special license to originate FHA loans in Massachusetts?
Yes all mortgage loan originators in Massachusetts must hold a state license through the Division of Banks. They must also complete annual continuing education and pass a criminal background check. This applies to FHA loan specialists working in Walpole.