Compare FHA Loan Specialists in Great Neck Plaza, NY
Browse fha loan specialists serving Great Neck Plaza, New York. 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 York before hiring.
Showing 2 fha loan specialists in Great Neck Plaza, NY
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An FHA loan specialist in Great Neck Plaza New York helps homebuyers secure mortgages insured by the Federal Housing Administration. These loans are popular in Nassau County due to lower down payment requirements and flexible credit guidelines. New York law requires all mortgage loan originators to be licensed through the Department of Financial Services ensuring consumer protection.
What Does a FHA Loan Specialist in Great Neck Plaza Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of 1 to 2 percent of the loan amount plus third party fees for appraisal credit report and title search. For a 400,000 dollar loan these fees total roughly 4,000 to 8,000 dollars. Upfront mortgage insurance premium is 1.75 percent of the loan amount and annual MIP ranges from 0.45 to 1.05 percent. 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 are the FHA loan limits for Great Neck Plaza New York?
For 2024 the FHA loan limit for a single family home in Nassau County is 1,149,825 dollars. This high limit reflects the elevated home prices in the Great Neck area. Limits are updated annually by the Department of Housing and Urban Development.
Do I need a special license to be an FHA loan specialist in New York?
Yes any mortgage loan originator in New York must hold a valid license from the New York State Department of Financial Services. They must also complete annual continuing education on state and federal lending laws including FHA guidelines.
What documents are needed for an FHA loan application in New York?
Standard documents include two years of tax returns recent pay stubs bank statements and government issued ID. New York applicants may also need to provide proof of residency or a lease if self employed. The specialist will guide you through the full checklist.