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Compare fha loan specialists in Chelsea. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Chelsea, MA
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 Massachusetts before hiring.
Showing 3 fha loan specialists in Chelsea, 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.
Boston Mortgage Services
471 Eastern Ave, Chelsea, MA 02150
6179422428
Boston Mortgage Services Llc
471 Eastern Ave, Chelsea, MA 02150
6179422428
Rate
157 Washington Ave Suite 1L, Chelsea, MA 02150
9782963856
FHA loan specialists in Chelsea Massachusetts help homebuyers secure government-backed mortgages with lower down payments. These loans are popular in Chelsea due to the citys diverse housing market and first-time buyer programs. Massachusetts law requires all FHA loan originators to be licensed through the Nationwide Multistate Licensing System.
What Does a FHA Loan Specialist in Chelsea Cost?
Typical costs for an FHA loan specialist in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs usually range from 2 to 5 percent of the purchase price. For a $400,000 home in Chelsea total costs might be $8,000 to $20,000. 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 credit score do I need for an FHA loan in Chelsea?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Chelsea borrowers should check with multiple lenders for specific requirements.
Are there income limits for FHA loans in Massachusetts?
Yes FHA loans have income limits that vary by county. In Suffolk County including Chelsea the 2024 limit for a one-unit property is approximately $472,000 for a low-income designation. These limits are set by HUD and change annually.
What is the maximum FHA loan amount in Chelsea?
The FHA loan limit for a single-family home in Suffolk County Massachusetts is $1,149,825 for 2024. This amount applies to high-cost areas and is updated each year by the Federal Housing Administration.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Massachusetts.