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Showing 2 fha loan specialists in Sugar Hill, GA
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Real Estate Financial Services
1400 Buford Hwy NE Suite J3, Sugar Hill, GA 30518
7707620866
Your Home Loan Group - The Channell Team
4770 Gold Mine Dr, Sugar Hill, GA 30518
7064025428
What Does a FHA Loan Specialist in Sugar Hill Cost?
Typical costs for an FHA loan specialist in Georgia include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55% to 0.85% depending on the loan term and down payment. Closing costs in Sugar Hill generally range from 2% to 5% of the purchase price. Lender origination fees vary but are often between 0.5% and 1.5% of the loan amount. 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 are the FHA loan limits for Sugar Hill Georgia?
For 2024, the FHA loan limit for a single-family home in Gwinnett County, including Sugar Hill, is $498,257. This amount is set by HUD and may change annually. Higher limits apply for multi-unit properties.
What credit score is needed for an FHA loan in Georgia?
FHA loans typically require a minimum credit score of 580 for a 3.5% down payment. Borrowers with scores between 500 and 579 may still qualify with a 10% down payment. Georgia lenders may have their own overlays above FHA minimums.
Are there Georgia-specific FHA loan requirements?
Georgia follows standard FHA guidelines but also requires a property appraisal by a licensed Georgia appraiser. Additionally, Georgia law mandates that all FHA loans must include a 30-year fixed rate option. No state-specific down payment assistance programs are tied to FHA loans.