Find FHA Loan Specialists in Evesham, NJ
Browse fha loan specialists serving Evesham, New Jersey. Contact information and addresses listed below.
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 2 fha loan specialists in Evesham, 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.
An FHA loan specialist in Evesham, New Jersey helps homebuyers secure mortgages insured by the Federal Housing Administration. New Jersey law requires all mortgage loan originators to be licensed through the state Department of Banking and Insurance. Local specialists understand Burlington County property values and can guide you through New Jersey specific down payment assistance programs.
What Does a FHA Loan Specialist in Evesham Cost?
Typical costs for FHA loan services in New Jersey include an origination fee of 1 percent of the loan amount and appraisal fees of 400 to 700 dollars. The upfront mortgage insurance premium is 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.55 to 0.85 percent. Total closing costs in Evesham generally fall between 5,000 and 12,000 dollars for a median priced home. 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 requirements in New Jersey?
FHA loans in New Jersey require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or higher. The property must meet FHA appraisal standards and be your primary residence. New Jersey also has specific limits on loan amounts based on county median home prices.
How do I find a licensed FHA loan specialist in Evesham?
You can verify a loan originators license through the Nationwide Mortgage Licensing System database. Look for specialists who have experience with New Jersey specific programs like the NJHMFA down payment assistance. Local real estate agents and banks in Evesham can also provide referrals.
What fees are associated with FHA loans in New Jersey?
FHA loans include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in New Jersey typically range from 2 to 5 percent of the purchase price. Some costs may be negotiable with the seller.