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Showing 2 fha loan specialists in Gambrills, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
David Baca at Guaranteed Rate Affinity (NMLS #169642)
1300 Main Chapel Way, Gambrills, MD 21054
4434042041
Jeff Lobel at Guaranteed Rate Affinity (NMLS #145051)
1300 Main Chapel Way, Gambrills, MD 21054
5715108318
What Does a FHA Loan Specialist in Gambrills Cost?
Typical costs for an FHA loan specialist in Maryland include an origination fee, usually 1% of the loan amount, and other closing costs like appraisal and title fees. For a $300,000 loan, total closing costs might range from $9,000 to $15,000. However, costs vary based on the lender, loan size, 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
What does an FHA loan specialist do in Gambrills?
An FHA loan specialist guides you through the FHA loan process from application to closing. They help you understand Maryland-specific requirements, such as the state's mandatory home inspection disclosures. They also assist with determining your eligibility and gathering necessary documents.
What are the FHA loan limits for Gambrills Maryland?
For 2024, the FHA loan limit for a single-family home in Anne Arundel County, which includes Gambrills, is $1,149,825 for high-cost areas. This limit can change each year based on the local median home price. A specialist can confirm the current limit for your specific property.
Do I need a special license for an FHA loan in Maryland?
Yes, in Maryland, mortgage loan originators must be licensed through the Nationwide Multistate Licensing System (NMLS). An FHA loan specialist in Gambrills should hold this license and comply with Maryland state regulations. You can verify their license on the NMLS Consumer Access website.