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Showing 2 fha loan specialists in Hockessin, DE
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
JR Burns at Prosperity Home Mortgage - Hockessin
Lantana Square, 88 Lantana Dr, Hockessin, DE 19707
3027531079
Marybeth Cashman | Fairway Independent Mortgage Corporation Loan Officer
7234 Lancaster Pike Ste 110B, Hockessin, DE 19707
3027667396
What Does a FHA Loan Specialist in Hockessin Cost?
Typical costs for an FHA loan in Delaware include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs in Hockessin generally range from 2 to 5 percent of the purchase price. Lender fees appraisal fees and title insurance vary by provider. 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
What are the FHA loan limits for Hockessin Delaware in 2025?
For 2025 the FHA loan limit for a single family home in New Castle County including Hockessin is 498,257 dollars. This limit applies to most areas and may be higher for duplexes triplexes or four unit properties.
Do FHA loans require a minimum down payment in Delaware?
Yes FHA loans require a minimum down payment of 3.5 percent of the purchase price for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 must put down at least 10 percent.
Are there Delaware specific rules for FHA loan closing costs?
Delaware allows sellers to contribute up to 6 percent of the sale price toward the buyers closing costs on an FHA loan. The state also caps certain recording fees and transfer taxes which can reduce total costs for Hockessin buyers.