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 Connecticut before hiring.
Showing 5 fha loan specialists in East Lyme, CT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fairway Independent Mortgage Corp - The Ryder Group
25 Chesterfield Rd, East Lyme, CT 06333
8602871603
Jessica Ryder | Fairway Independent Mortgage Corporation Loan Officer
25 Chesterfield Rd, East Lyme, CT 06333
8602870295
Fairway Home Mortgage - The Jim Ryder Team
25 Chesterfield Rd Unit 1, East Lyme, CT 06333
8602871603
Fairway Independent Mortgage Corporation
25 Chesterfield Rd, East Lyme, CT 06333
8602871603
Weimin Loans
94 Arbor Crossing, East Lyme, CT 06333
8605019119
What Does a FHA Loan Specialist in East Lyme Cost?
Typical costs for FHA loan services in Connecticut include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55% to 1.05% depending on loan term and down payment. Lender fees may range from $500 to $1,500, and appraisal fees are usually $400 to $700. Closing costs in Connecticut average 2% to 5% of the purchase price. 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 East Lyme do?
An FHA loan specialist helps you prepare and submit a Federal Housing Administration insured mortgage application. They review your credit history, income, and property eligibility to ensure you meet FHA requirements. In Connecticut, specialists must follow state licensing rules and can explain how local property taxes and insurance affect your loan.
What are the FHA loan limits for East Lyme Connecticut?
FHA loan limits vary by county. For New London County where East Lyme is located, the 2024 single-family home loan limit is typically around $498,257 for standard areas. Higher limits apply for multi-unit properties. Your specialist can confirm the current limit for your specific property type.
How long does an FHA loan process take in Connecticut?
The typical FHA loan process in Connecticut takes 30 to 45 days from application to closing. This includes appraisal, underwriting, and final approval. Connecticut law requires a three-day right of rescission for most refinances, which adds time to those transactions.