Find FHA Loan Specialists Near You in Topsfield, MA
Browse fha loan specialists serving Topsfield, 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 4 fha loan specialists in Topsfield, MA
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An FHA loan specialist in Topsfield Massachusetts can help you navigate the Federal Housing Administration loan process. Massachusetts law requires all mortgage loan originators to be licensed through the state Division of Banks. Local specialists understand Topsfield property values and Essex County market conditions.
What Does a FHA Loan Specialist in Topsfield Cost?
Typical costs for an FHA loan specialist in Massachusetts include an origination fee of 1% to 1.5% of the loan amount and an upfront mortgage insurance premium of 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.45% to 1.05% depending on loan term and down payment. Closing costs in Massachusetts average 3% to 5% 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 the FHA loan limits for Topsfield Massachusetts?
For 2024 the FHA loan limit for a single family home in Essex County Massachusetts is $644,000. This limit applies to Topsfield and is set by the Department of Housing and Urban Development based on median area home prices.
What Massachusetts specific requirements apply to FHA loans?
Massachusetts requires a state specific mortgage disclosure form and a mandatory 60 day right to cure period for foreclosure. FHA loans also require a Massachusetts licensed appraiser to complete the property valuation.
How do I verify an FHA loan specialist is licensed in Massachusetts?
You can check a loan specialist license through the Nationwide Multistate Licensing System and Registry website. Massachusetts also requires registration with the Division of Banks for all mortgage loan originators.