FHA Loan Specialists in Barrington, RI
Directory of fha loan specialists in Barrington, Rhode Island. 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 Rhode Island before hiring.
Showing 2 fha loan specialists in Barrington, RI
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 Barrington Cost?
Typical costs for an FHA loan specialist in Rhode Island include an origination fee of 1% of the loan amount, plus third-party fees for appraisal, credit report, and title search. These fees usually range from $3,000 to $5,000 for a $300,000 home. FHA also charges an upfront mortgage insurance premium of 1.75% of the loan amount. Note that 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 Barrington Rhode Island?
For 2024, the FHA loan limit for a single-family home in Bristol County, which includes Barrington, is $498,257. This limit is set by the U.S. Department of Housing and Urban Development and applies to standard FHA loans.
Do I need a special license to be an FHA loan specialist in Rhode Island?
Yes. All mortgage loan originators in Rhode Island must be licensed under the Rhode Island Secure and Fair Enforcement for Mortgage Licensing Act. This includes passing a background check and completing pre-licensing education.
How long does an FHA loan closing take in Rhode Island?
A typical FHA loan closing in Rhode Island takes 30 to 45 days from application to closing. Delays can occur if the property needs repairs required by FHA appraisal standards.