Compare FHA Loan Specialists in Woodmere, NY
Directory of fha loan specialists in Woodmere, 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 4 fha loan specialists in Woodmere, NY
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FHA loan specialists in Woodmere New York help homebuyers and homeowners navigate Federal Housing Administration loans. These loans are popular in Nassau County due to lower down payment requirements and flexible credit guidelines. New York law requires all mortgage loan originators to be licensed through the Department of Financial Services.
What Does a FHA Loan Specialist in Woodmere Cost?
Typical costs for FHA loan specialist services in New York include an origination fee of up to 1 percent of the loan amount and third party fees such as appraisal and credit report costs. Total closing costs for an FHA loan in Nassau County often range from 3 to 6 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 Woodmere New York?
For 2024 the FHA loan limit for a single family home in Nassau County is $1,149,825. This high limit reflects the area median home prices in Woodmere and surrounding communities.
Do I need a special license to be an FHA loan specialist in New York?
Yes all FHA loan specialists in New York must hold a valid mortgage loan originator license from the New York State Department of Financial Services. They must also complete annual continuing education requirements.
What is the minimum down payment for an FHA loan in Woodmere?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price. This applies to borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment.