Find FHA Loan Specialists Near You in Ithaca, NY
Looking for a fha loan specialist in Ithaca? Review the directory below to compare your options.
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 18 fha loan specialists in Ithaca, NY
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 Ithaca, New York helps home buyers and homeowners navigate Federal Housing Administration loans. These loans are popular in the Ithaca area due to flexible credit requirements and lower down payments. New York law requires all mortgage loan originators to be licensed through the New York State Department of Financial Services, so your specialist must hold a valid license.
What Does a FHA Loan Specialist in Ithaca Cost?
Typical costs for an FHA loan specialist in New York include an origination fee, usually 0.5 to 1.0 percent of the loan amount, and third-party fees for appraisal and credit report. For a $200,000 loan, total closing costs often range from $4,000 to $8,000. FHA also requires an upfront mortgage insurance premium of 1.75 percent of the loan amount, which can be financed into the loan. 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 does an FHA loan specialist in Ithaca do?
An FHA loan specialist guides you through the FHA loan process, including pre-approval, documentation, and closing. They help you understand FHA guidelines, such as the 3.5 percent minimum down payment and the required mortgage insurance premium. In New York, they also ensure compliance with state-specific disclosure and escrow requirements.
What are the FHA loan limits for Ithaca New York?
FHA loan limits vary by county. For Tompkins County, which includes Ithaca, the 2024 single-family home loan limit is typically around $498,257 for a standard loan. Higher limits apply for multi-unit properties. Your specialist can confirm the current limit for your specific property type.
How do I choose an FHA loan specialist in Ithaca?
Look for a specialist who is licensed with the New York State Department of Financial Services and has experience with FHA loans. Ask about their knowledge of local property types, such as co-ops or condos, which have additional FHA approval requirements. Read client reviews and compare fees before making a decision.