Find FHA Loan Specialists Near You in Burlington, MA
Looking for a fha loan specialist in Burlington? Review the directory below to compare your options.
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 Burlington, 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.
FHA loan specialists in Burlington Massachusetts help homebuyers secure loans insured by the Federal Housing Administration. These loans often have lower down payment requirements and flexible credit guidelines. Massachusetts law requires all mortgage loan originators to be licensed through the state Division of Banks, ensuring a standard of professional conduct for Burlington specialists.
What Does a FHA Loan Specialist in Burlington Cost?
Typical costs for an FHA loan in Massachusetts include the 1.75% upfront MIP and an annual MIP of 0.15% to 0.75%. Closing costs generally range from 2% to 5% of the loan amount, covering appraisal, title insurance, and origination fees. For a $400,000 loan, upfront MIP would be $7,000, and annual MIP could be $600 to $3,000 per year. 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 Burlington Massachusetts in 2025?
For 2025, the FHA loan limit for a single-family home in Middlesex County, which includes Burlington, is $1,209,750. This high limit reflects the area as a high-cost region. Limits are updated annually by the FHA based on median home prices.
Do FHA loans in Massachusetts require mortgage insurance?
Yes, all FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual mortgage insurance premium (MIP) paid monthly. The annual MIP rate varies from 0.15% to 0.75% depending on the loan term and loan-to-value ratio.
Can I use an FHA loan to buy a condo in Burlington?
Yes, but the condo project must be on the FHA-approved condominium list. Burlington has several approved projects. The FHA also requires at least 50% of the units in the project to be owner-occupied.