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Showing 5 fha loan specialists in Cape May, NJ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Cape May Mortgage Company
653 Washington St Suite 101, Cape May, NJ 08204
6095369147
David Strassner
1252 NJ-109 1st Floor, Cape May, NJ 08204
4432864942
Best Lending Green Creek
8 Bayshore Rd, Cape May, NJ 08204
6403000540
Best One Stop Mortgage
221 Jackson St #44, Cape May, NJ 08204
6402234509
Fairway Independent Mortgage Corporation
1252 NJ-109 1st Floor, Cape May, NJ 08204
6098840108
What Does a FHA Loan Specialist in Cape May Cost?
Typical costs for an FHA loan specialist in New Jersey include an origination fee of 1% of the loan amount, plus appraisal fees of $400 to $700. Closing costs usually range from 3% to 5% of the purchase price. FHA also charges an upfront mortgage insurance premium of 1.75% of the loan amount. These costs vary by lender and property. 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 do in Cape May?
An FHA loan specialist helps you apply for a Federal Housing Administration loan. They review your finances, explain FHA requirements, and assist with the application process. In New Jersey, they must follow state licensing rules and federal FHA guidelines.
What are the FHA loan limits for Cape May County in 2025?
For 2025, the FHA loan limit for a single-family home in Cape May County is $1,012,500. This is because Cape May County is a high-cost area. Limits change each year based on median home prices.
Do I need a special license to be an FHA loan specialist in New Jersey?
Yes. All mortgage loan originators in New Jersey must hold a valid license from the New Jersey Department of Banking and Insurance. They must also pass a background check and complete continuing education courses.