FHA Loan Specialists in Agawam, MA
Browse fha loan specialists serving Agawam, Massachusetts. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Massachusetts before hiring.
Showing 11 fha loan specialists in Agawam, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Agawam Massachusetts helps homebuyers navigate Federal Housing Administration insured loans. These loans are popular for first time buyers and those with lower credit scores. Massachusetts FHA loan limits for 2024 in Hampden County are set at 498257 for a single family home.
What Does a FHA Loan Specialist in Agawam Cost?
Typical costs for an FHA loan in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs usually range from 2 to 5 percent of the loan amount. These costs vary based on the lender loan size and property location. 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 does an FHA loan specialist do in Agawam?
An FHA loan specialist guides borrowers through the FHA loan application process including credit review income verification and property appraisal. They ensure the loan meets FHA and Massachusetts lending standards.
What are the FHA loan limits in Agawam Massachusetts?
For 2024 the FHA loan limit for a single family home in Hampden County which includes Agawam is 498257. Limits are higher for multi unit properties up to 958350 for a four unit home.
What is the minimum down payment for an FHA loan in Massachusetts?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment.