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 6 fha loan specialists in Medway, 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.
Envoy Mortgage - Medway, MA
169 Main St, Medway, MA 02053
8603170882
Nicole Kittredge | Mortgage Professional
169 Main St, Medway, MA 02053
5088164156
New Horizon Mortgage Co., Inc.
165 Main St #109, Medway, MA 02053
5088776666
New American Funding - Alycia McCallum
169 Main St, Medway, MA 02053
5082176179
New American Funding - Medway, MA
169 Main St Ste. 101 – 103, Medway, MA 02053
7742576008
New American Funding - Alex Gottfried
169 Main St, Medway, MA 02053
9493130377
What Does a FHA Loan Specialist in Medway Cost?
Typical costs for FHA loan specialist services in Massachusetts include an origination fee of 1% to 1.5% of the loan amount. Upfront mortgage insurance premium is 1.75% of the loan amount, and annual mortgage insurance ranges from 0.45% to 1.05% depending on loan terms. Closing costs in Massachusetts average 3% to 5% of the purchase price. These costs vary by lender and specific loan scenario. 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 in Medway do?
An FHA loan specialist guides borrowers through the FHA loan process from pre-approval to closing. They help with documentation, explain FHA requirements like mortgage insurance premiums, and ensure compliance with Massachusetts lending laws. They also advise on property eligibility and appraisal standards.
What are the FHA loan limits for Medway Massachusetts in 2025?
For 2025, the FHA loan limit for a single-family home in Medway is $524,225 for low-cost areas and up to $1,209,750 for high-cost areas. Medway falls under Norfolk County which has higher limits due to local median home prices. These limits are set by HUD and updated annually.
Are there Massachusetts specific requirements for FHA loans?
Yes, Massachusetts requires FHA loans to comply with state anti-predatory lending laws under M.G.L. c. 183C. Borrowers must also receive a Massachusetts specific Homeownership Counseling Certificate if required by the lender. Additionally, the state has a mandatory 3-day right of rescission period for refinances.