An FHA loan specialist in Yonkers New York can help you navigate the process of obtaining a Federal Housing Administration insured mortgage. New York law requires that all mortgage loan originators be licensed through the Department of Financial Services. These specialists understand local property values and can guide you through New York specific disclosure requirements.
What Does a FHA Loan Specialist in Yonkers Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of up to 1 percent of the loan amount. You may also pay an upfront mortgage insurance premium of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Additional costs include appraisal fees around $500 to $700 and title search fees. 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.
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