FHA Loan Specialists in Syracuse, NY
Directory of fha loan specialists in Syracuse, 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 12 fha loan specialists in Syracuse, 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 Syracuse Cost?
Typical costs for FHA loan specialist services in New York include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs in Syracuse range from 2 to 5 percent of the purchase price. Appraisal fees are around $500 to $700. These costs vary by lender and loan amount. 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 in Syracuse New York?
For 2024 the FHA loan limit for a single family home in Onondaga County is $498,257. This limit applies to most areas in Syracuse and may be higher for multi unit properties. A specialist can confirm the exact limit for your specific property.
What credit score is needed for an FHA loan in Syracuse?
The minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Borrowers with a score between 500 and 579 may still qualify but must put down 10 percent. New York law does not add extra credit requirements beyond FHA guidelines.
How long does the FHA loan process take in New York?
The typical FHA loan process in Syracuse takes 30 to 45 days from application to closing. New York requires a mandatory 3 day right of rescission period after signing loan documents. Delays can occur if the property needs repairs to meet FHA minimum property standards.