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Showing 2 fha loan specialists in Morris Plains, 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.
Weichert Financial Services
225 Littleton Rd, Morris Plains, NJ 07950
8008292274
Mortgage Access Corporation
225 Littleton Rd, Morris Plains, NJ 07950
8886056622
What Does a FHA Loan Specialist in Morris Plains Cost?
Typical costs for FHA loan specialist services in New Jersey include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs in Morris Plains often range from 3 to 6 percent of the purchase price. These costs vary based on loan size and lender fees. 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 Morris Plains New Jersey?
For 2024 the FHA loan limit for a single family home in Morris County is $498,257. This amount applies to most areas in Morris Plains and is updated annually by the Department of Housing and Urban Development.
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 complete annual continuing education on state and federal lending laws.
What documents do I need for an FHA loan in Morris Plains?
You need proof of income, tax returns from the last two years, bank statements, and a valid Social Security number. New Jersey also requires a property appraisal from a FHA approved appraiser.