Find FHA Loan Specialists in New Hyde Park, NY
Looking for a fha loan specialist in New Hyde Park? 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 2 fha loan specialists in New Hyde Park, 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 New Hyde Park Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of 1% to 1.5% of the loan amount, plus an upfront mortgage insurance premium of 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Closing costs in New York average 2% to 5% 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.
Frequently Asked Questions
What does an FHA loan specialist in New Hyde Park do?
An FHA loan specialist helps you understand FHA loan requirements, pre-approve your application, and guide you through the mortgage process. They ensure your loan meets FHA standards and New York State regulations.
What are the FHA loan limits for New Hyde Park New York?
For 2024, the FHA loan limit for a single-family home in Nassau County, which includes New Hyde Park, is $1,149,825. This high limit reflects the area's high-cost housing market.
Do I need a special license for FHA loans in New York?
Yes, all mortgage loan originators in New York must hold a valid license from the New York State Department of Financial Services. You can verify a specialist's license through the NMLS Consumer Access website.