FHA Loan Specialists in Massapequa, NY
Directory of fha loan specialists in Massapequa, New York. Verify credentials with the state state mortgage licensing authority before hiring.
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 6 fha loan specialists in Massapequa, 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.
What Does a FHA Loan Specialist in Massapequa Cost?
Typical costs for an FHA loan specialist in New York include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 to 0.85 percent. Lender fees and third party costs like appraisal and title search range from 3,000 to 6,000 dollars. Costs vary by case and lender. 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 does an FHA loan specialist do in Massapequa?
An FHA loan specialist helps you determine if you qualify for an FHA loan, assists with paperwork, and explains New York specific requirements like mortgage recording tax and property condition rules. They also coordinate with lenders and appraisers.
What are the FHA loan limits for Massapequa New York?
In 2024, the FHA loan limit for a single family home in Nassau County is $1,149,825. This high limit reflects the local housing market. A specialist can confirm current limits as they change annually.
Do I need a special license to be an FHA loan specialist in New York?
Yes. In New York, mortgage loan originators must be licensed through the New York State Department of Financial Services. They must complete pre licensing education, pass an exam, and undergo a background check.