Find FHA Loan Specialists in Lomita, CA
Compare fha loan specialists in Lomita. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of California before hiring.
Showing 2 fha loan specialists in Lomita, CA
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What Does a FHA Loan Specialist in Lomita Cost?
Typical costs for an FHA loan specialist in California include an origination fee of up to 1 percent of the loan amount and an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount. Annual mortgage insurance premiums (MIP) 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 add several thousand dollars. 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 does an FHA loan specialist in Lomita do?
An FHA loan specialist helps borrowers understand FHA loan requirements, pre-qualify for a mortgage, and complete the application process. They also guide clients on California-specific rules such as property condition standards and occupancy requirements.
What are the credit score requirements for an FHA loan in California?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. California lenders may have overlays with slightly higher minimums.