Compare FHA Loan Specialists in Springfield, MA
Compare fha loan specialists in Springfield. Review contact information and insurance categorys before you decide.
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 7 fha loan specialists in Springfield, MA
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An FHA loan specialist in Springfield Massachusetts can guide you through the process of obtaining a government-backed mortgage insured by the Federal Housing Administration. These loans often require lower down payments and have more flexible credit requirements than conventional loans. Massachusetts law requires all mortgage loan originators to be licensed through the Division of Banks, so your specialist must hold a valid license to operate in Hampden County.
What Does a FHA Loan Specialist in Springfield Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of up to 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance depending on the loan term and down payment. Closing costs generally total 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 does an FHA loan specialist do in Springfield?
An FHA loan specialist helps you determine if you qualify for an FHA loan, assists with the application process, and ensures compliance with FHA guidelines. They also explain Massachusetts-specific requirements such as property condition standards and flood zone regulations that may affect your loan approval.
What are the FHA loan limits for Springfield Massachusetts?
For 2025, the FHA loan limit for a single-family home in Hampden County is $524,225. This limit is set by the Department of Housing and Urban Development and may change annually. Your specialist can confirm the current limit for the specific property you are considering.
How do I find a licensed FHA loan specialist in Springfield?
You can search the Nationwide Mortgage Licensing System database to verify that a specialist holds a valid Massachusetts mortgage loan originator license. You may also ask local real estate agents or banks for referrals to specialists familiar with the Springfield housing market.