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Showing 2 fha loan specialists in Wakefield, 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.
Lacey Faria at CrossCountry Mortgage
50 Main St #2, Wakefield, MA 01880
8573638841
MBC Mortgage LLC
301 Edgewater Pl Suite 100, Wakefield, MA 01880
7812645262
What Does a FHA Loan Specialist in Wakefield Cost?
Typical costs for FHA loan services in Massachusetts include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual MIP ranging from 0.45 to 1.05 percent depending on loan term and loan-to-value ratio. Closing costs in Wakefield generally range from 2 to 5 percent of the purchase price. Lender origination fees vary but often fall between 0.5 and 1 percent of the loan amount. 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 Wakefield do?
An FHA loan specialist guides borrowers through the FHA loan process including pre-approval documentation property appraisal and closing. They help determine if a property meets FHA minimum property standards and ensure compliance with Massachusetts state lending regulations.
What are the FHA loan limits for Wakefield Massachusetts?
FHA loan limits for Wakefield in Middlesex County for 2024 are set at 1,149,825 dollars for a single-family home. This limit is based on the high-cost area designation for the Boston-Cambridge-Quincy metro region. Limits may change annually.