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Showing 2 fha loan specialists in Woodbine, MD
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Millennial Home Loans, LLC
1722 Splendor Dr, Woodbine, MD 21797
8665525912
USDA Purchase and Refinance Loans - Licensed in Maryland, Pennsylvania, and Virginia
1722 Splendor Dr, Woodbine, MD 21797
8665525912
What Does a FHA Loan Specialist in Woodbine Cost?
Typical costs for an FHA loan specialist in Maryland include an origination fee of 1 percent of the loan amount and third-party fees for appraisal and credit report. Appraisal fees in Carroll County range from $500 to $700. Closing costs generally total 2 to 5 percent of the loan amount. 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 Woodbine Maryland?
For 2025, the FHA loan limit for a single-family home in Carroll County is $498,257. This limit applies to most areas in Maryland and is adjusted annually by the Federal Housing Administration.
What is the minimum down payment for an FHA loan in Maryland?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price. Borrowers must also have a credit score of at least 580 to qualify for this low down payment option.
Do FHA loans require mortgage insurance in Maryland?
Yes, FHA loans require both an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium that varies based on loan term and down payment. This insurance protects the lender if you default.