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Showing 2 fha loan specialists in Medford, NY
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Suffolk Credit Union
3681 Horseblock Road, Medford, NY 11763
6319248000
TD Bank
1806 Medford Ave Route 112, Medford, NY 11763
6312893066
What Does a FHA Loan Specialist in Medford Cost?
FHA loan specialists in New York typically charge an origination fee of 0.5 to 1.5 percent of the loan amount. Upfront mortgage insurance premium is 1.75 percent of the base loan amount, and annual MIP ranges from 0.15 to 0.75 percent depending on loan term and loan-to-value ratio. Closing costs in Suffolk County average 2 to 5 percent of the purchase price. 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 Medford New York?
For 2025, the FHA loan limit for a single-family home in Suffolk County is $1,149,825. This high limit reflects the elevated home prices in the New York metropolitan area.
What credit score is needed for an FHA loan in New York?
The minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment.
How long does the FHA loan process take in Medford?
The typical FHA loan process takes 30 to 45 days from application to closing. New York requires a mandatory 3-day right of rescission for refinances after closing documents are signed.