Find FHA Loan Specialists Near You in Waltham, MA
Directory of fha loan specialists in Waltham, 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 20 fha loan specialists in Waltham, 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.
An FHA loan specialist in Waltham, Massachusetts helps homebuyers navigate Federal Housing Administration loans, which are popular for first-time buyers and those with lower credit scores. Massachusetts law requires lenders to provide a standard mortgage disclosure form, and FHA loans in Waltham must comply with state property condition and appraisal rules. Specialists can guide you through local income limits and down payment assistance programs available in Middlesex County.
What Does a FHA Loan Specialist in Waltham Cost?
Typical costs for an FHA loan specialist in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual mortgage insurance premiums ranging from 0.45 to 1.05 percent. Lender origination fees usually range from 0.5 to 1.0 percent of the loan amount. Appraisal fees in Waltham average $500 to $700. Closing costs generally total 2 to 5 percent of the purchase price. 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 credit score is needed for an FHA loan in Waltham?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Requirements can vary by lender and by Massachusetts state guidelines.
Are there income limits for FHA loans in Massachusetts?
Yes, FHA loans have income limits that vary by county. In Middlesex County for 2024, the limit for a one-unit property is typically around $117,000 for a low-income designation. A specialist can confirm current limits for Waltham.
What property types qualify for FHA loans in Waltham?
FHA loans can be used for single-family homes, condominiums, and multi-unit properties up to four units. The property must meet FHA minimum property standards and be your primary residence. Condos must be on the FHA approved list.