Find FHA Loan Specialists Near You in Boiling Springs, SC
Directory of fha loan specialists in Boiling Springs, South Carolina. 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 South Carolina before hiring.
Showing 3 fha loan specialists in Boiling Springs, SC
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FHA loan specialists in Boiling Springs South Carolina help homebuyers secure government-backed mortgages with lower down payments. South Carolina law requires all mortgage loan originators to be licensed through the NMLS. Local specialists understand the Spartanburg County housing market and can guide you through FHA loan limits and property requirements.
What Does a FHA Loan Specialist in Boiling Springs Cost?
Typical costs for an FHA loan specialist in South Carolina include an origination fee of 1 to 2 percent of the loan amount. Closing costs usually range from 3 to 6 percent of the purchase price. Appraisal fees in the Boiling Springs area are around $500 to $700. These costs vary by lender and loan size. 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 Boiling Springs South Carolina?
For 2024 the FHA loan limit for a single family home in Spartanburg County is $498,257. This limit applies to most areas in Boiling Springs and may change each year based on the local median home price.
What credit score is needed for an FHA loan in South Carolina?
The minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. If your score is between 500 and 579 you may still qualify but you will need a 10 percent down payment. Each lender may have their own requirements above the FHA minimum.
Do FHA loans require mortgage insurance in South Carolina?
Yes all FHA loans require an upfront mortgage insurance premium of 1.75 percent of the loan amount. You also pay an annual MIP which varies based on loan term and amount. This insurance protects the lender if you default on the loan.