Compare FHA Loan Specialists in Watertown, MA
Looking for a fha loan specialist in Watertown? Review the directory below to compare your options.
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 2 fha loan specialists in Watertown, MA
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An FHA loan specialist in Watertown Massachusetts can guide you through the process of obtaining a Federal Housing Administration insured mortgage. These loans are popular for first time homebuyers and those with lower credit scores. Massachusetts law requires all mortgage loan originators to be licensed through the Division of Banks, so your specialist must hold a valid license to operate in Watertown.
What Does a FHA Loan Specialist in Watertown Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee which is usually 1 percent of the loan amount. You may also pay an upfront mortgage insurance premium of 1.75 percent of the loan and an annual MIP of 0.55 to 0.85 percent. Third party costs like appraisal and credit report fees range from 500 to 1,000 dollars. 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 Watertown do?
An FHA loan specialist helps you understand FHA loan requirements, pre approve your application, and guide you through the underwriting process. They ensure you meet Massachusetts specific rules such as the state required home inspection and lead paint disclosure for homes built before 1978.
What are the FHA loan limits for Watertown Massachusetts in 2025?
For 2025, the FHA loan limit for a single family home in Middlesex County which includes Watertown is set at $1,149,825 for high cost areas. This limit is adjusted annually by the Department of Housing and Urban Development based on local median home prices.