Find FHA Loan Specialists in Bridgewater, NJ
Directory of fha loan specialists in Bridgewater, New Jersey. 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 New Jersey before hiring.
Showing 15 fha loan specialists in Bridgewater, NJ
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FHA loan specialists in Bridgewater, New Jersey help homebuyers navigate FHA mortgage programs. New Jersey has specific rules for FHA loans including higher loan limits in Somerset County. These specialists guide borrowers through credit requirements and down payment assistance options.
What Does a FHA Loan Specialist in Bridgewater Cost?
Typical costs for an FHA loan specialist in New Jersey include an origination fee of 1 percent of the loan amount. Appraisal fees range from $500 to $700. Closing costs generally total 3 to 5 percent of the home price. These costs vary by lender and property. 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 are the FHA loan limits for Bridgewater New Jersey?
For 2024 the FHA loan limit for a single family home in Somerset County is $498,257. This limit applies to Bridgewater because it is part of Somerset County. Limits may change each year based on housing market data.
What credit score is needed for an FHA loan in New Jersey?
FHA loans in New Jersey require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may have their own additional requirements.
Are there New Jersey down payment assistance programs for FHA loans?
Yes New Jersey offers the NJHMFA Down Payment Assistance Program for FHA loans. This program provides up to $10,000 in forgivable loans for qualified buyers in Bridgewater. The assistance is a 0 percent interest second mortgage.