Find FHA Loan Specialists in Gloucester, MA
Browse fha loan specialists serving Gloucester, 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 3 fha loan specialists in Gloucester, MA
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An FHA loan specialist in Gloucester Massachusetts can help you navigate the process of securing a government-backed mortgage. Massachusetts has specific state laws regarding mortgage origination and licensing that specialists must follow. These professionals assist with low down payment options and flexible credit requirements for homes in Essex County.
What Does a FHA Loan Specialist in Gloucester 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 premium of 0.55 to 0.85 percent. Closing costs in Gloucester range from 2 to 5 percent of the purchase price. Lender fees vary but often total between $1,000 and $3,000. 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 does an FHA loan specialist do in Gloucester?
An FHA loan specialist guides you through the application and approval process for Federal Housing Administration loans. They help you understand Massachusetts specific requirements like the state mandated home inspection disclosures. They also assist with property eligibility for Gloucester homes including condos and single family houses.
What are the FHA loan limits for Gloucester Massachusetts?
For 2025 the FHA loan limit for a single family home in Essex County including Gloucester is $498,257 for low cost areas and up to $1,149,825 for high cost areas. These limits are set by the Department of Housing and Urban Development and may change annually. A local specialist can confirm the exact limit for your target property.