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 7 fha loan specialists in Marblehead, 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.
Guaranteed Rate Affinity
2 Atlantic Ave, Marblehead, MA 01945
5082846488
Stepstone Mortgage, Inc
89 Front St Suite 313, Marblehead, MA 01945
7816390047
Drew Mortgage Associates Marblehead
238 Washington St Suite C, Marblehead, MA 01945
7817061145
American Dream Financing
51 Atlantic Ave #9, Marblehead, MA 01945
7816399909
Piedmont Mortgage Corporation
14 Phillips St, Marblehead, MA 01945
7814976000
Leader Bank - Marblehead Loan Office
60 Atlantic Ave, Marblehead, MA 01945
7816410038
Joel Weingarten Mortgage Loan Officer
32 Longview Dr, Marblehead, MA 01945
9784794689
What Does a FHA Loan Specialist in Marblehead Cost?
Typical costs for FHA loan services in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual mortgage insurance premiums between 0.45 and 1.05 percent. Origination fees range from 0.5 to 1.5 percent of the loan amount. Closing costs in Massachusetts average 2 to 5 percent of the purchase price. 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 are FHA loan requirements in Marblehead Massachusetts?
FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580. Borrowers must also meet debt to income ratio limits set by the Federal Housing Administration. Massachusetts law does not add extra state specific requirements beyond federal FHA rules.
How do I choose an FHA loan specialist in Marblehead?
Look for a specialist who is licensed to originate mortgages in Massachusetts through the Nationwide Multistate Licensing System. Verify their experience with FHA loans and check for any disciplinary history with the Massachusetts Division of Banks. Ask about their familiarity with local property types like condos in Marblehead.
What documents do I need for an FHA loan in Massachusetts?
You need recent pay stubs, W2 forms from the last two years, tax returns, bank statements, and proof of any additional income. Massachusetts lenders may also require a signed disclosure acknowledging state specific mortgage laws. Self employed borrowers must provide profit and loss statements.