An FHA loan specialist in Sherman Oaks, California can help you navigate the process of obtaining a Federal Housing Administration insured mortgage. These loans are popular in California due to lower down payment requirements and flexible credit guidelines. Sherman Oaks is part of Los Angeles County, where FHA loan limits for 2025 are set at a high-cost area ceiling of $1,209,750 for a single-family home.
What Does a FHA Loan Specialist in Sherman Oaks Cost?
Typical costs for an FHA loan in California include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual mortgage insurance premium (MIP) ranging from 0.15% to 0.75% of the loan balance. Closing costs usually range from 2% to 5% of the purchase price. For a $700,000 loan, UFMIP would be $12,250. These costs vary by lender and property. 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 California Cities
Adelanto · Agoura Hills · Alameda · Albany · Alhambra · Aliso Viejo · Anaheim · Antioch · Apple Valley · Arcadia · Arcata · Arroyo Grande · Artesia · Atascadero · Atwater