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Showing 2 fha loan specialists in Alfred, ME
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Jenn Stonehouse
7 Saco Rd, Alfred, ME 04002
2074321200
Fred Marquez
7 Saco Rd, Alfred, ME 04002
2078373421
What Does a FHA Loan Specialist in Alfred Cost?
Typical costs for an FHA loan in Maine include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual MIP of 0.55% to 0.85% depending on loan terms. Closing costs in Alfred generally range from 2% to 5% of the purchase price. Appraisal fees for an FHA loan in York County are usually $500 to $700. 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 Alfred Maine?
For 2025 the FHA loan limit for a single-family home in York County is $498,257. This limit applies to standard FHA loans and may be higher for duplexes or triplexes in the area.
What credit score is needed for an FHA loan in Maine?
Most lenders require a minimum credit score of 580 for a 3.5% down payment FHA loan. Borrowers with scores between 500 and 579 may qualify with a 10% down payment. Each lender sets its own overlay requirements.
Are there Maine-specific requirements for FHA loans?
Maine does not have state-specific FHA loan rules but all properties must meet FHA minimum property standards. Maine law requires a home inspection disclosure and radon testing for residential sales. Your loan specialist will guide you through these steps.