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Showing 2 fha loan specialists in Wellesley, MA
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Charlie Gomes NMLS #718375 The Washington Trust Company
62 Walnut St, Wellesley, MA 02481
(401) 218-7791
washtrust.com
What Does a FHA Loan Specialist in Wellesley Cost?
Typical costs for an FHA loan in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual MIP of 0.55 to 1.05 percent depending on loan term and down payment. Lender origination fees range from 0.5 to 1.5 percent of the loan amount. Appraisal fees in Wellesley average $500 to $700. Closing costs generally total 2 to 5 percent of the home price. 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 Wellesley do?
An FHA loan specialist helps you understand FHA loan requirements, prequalify, and complete the application process. They also explain Massachusetts specific rules such as the state's high cost loan threshold and mandatory counseling for certain borrowers.
What are the FHA loan limits for Wellesley Massachusetts?
FHA loan limits in Wellesley are based on the area median home price. For 2025 the FHA floor loan limit is $498,257 and the ceiling for high cost areas like Norfolk County is $1,149,825. A specialist can confirm the exact limit for your property.