Compare FHA Loan Specialists in Franklin, NJ
Compare fha loan specialists in Franklin. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of New Jersey before hiring.
Showing 2 fha loan specialists in Franklin, NJ
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What Does a FHA Loan Specialist in Franklin Cost?
Typical costs for an FHA loan specialist in New Jersey include an origination fee of 1 percent of the loan amount and third party fees for appraisal, credit report, and title services. These third party fees often range from 500 to 2,000 dollars. Closing costs in New Jersey generally total 2 to 5 percent of the purchase price. This is general information, 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 credit score is needed for an FHA loan in Franklin New Jersey?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Lenders in Franklin may have overlays that require a higher score.
What are the FHA loan limits for Franklin New Jersey?
For 2025, the FHA loan limit for a single family home in Somerset County, which includes Franklin, is typically around $498,257. Higher limits may apply for multi unit properties. These limits are set by the U.S. Department of Housing and Urban Development.