An FHA loan specialist in Cornwall, New York can guide you through the process of obtaining a Federal Housing Administration insured mortgage. These loans are popular for first time home buyers and those with lower credit scores. New York law requires all mortgage loan originators to be licensed through the New York State Department of Financial Services.
What Does a FHA Loan Specialist in Cornwall Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in New York generally add 2 to 5 percent of the purchase price. 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.
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FHA Loan Specialists in Other New York Cities
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