An FHA loan specialist in Seattle Washington can help you navigate the federal FHA loan program which is popular among first time homebuyers and those with lower credit scores. Washington state law requires all mortgage loan originators to be licensed through the Washington State Department of Financial Institutions. Seattle home buyers should also consider local property tax exemptions and first time homebuyer programs that may pair with an FHA loan.
What Does a FHA Loan Specialist in Seattle Cost?
Typical costs for an FHA loan specialist in Washington include an origination fee of 0.5 to 1.0 percent of the loan amount plus an upfront mortgage insurance premium of 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Third party costs such as appraisal title and escrow fees in Seattle usually total 3,000 to 5,000. This is general information 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
FHA Loan Specialists in Other Washington Cities
Aberdeen · Anacortes · Arlington · Auburn · Bainbridge Island · Battle Ground · Bellevue · Bellingham · Blaine · Bonney Lake · Bothell · Buckley · Burien · Burlington · Camas