FHA Loan Specialists in Garfield, NJ
Browse fha loan specialists serving Garfield, New Jersey. 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 New Jersey before hiring.
Showing 2 fha loan specialists in Garfield, NJ
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What Does a FHA Loan Specialist in Garfield Cost?
Typical costs for an FHA loan specialist in New Jersey include an origination fee of 1% to 1.5% of the loan amount, plus third-party fees for appraisal, credit report, and title search. Appraisal fees in Bergen County range from $500 to $700. Upfront mortgage insurance premium is 1.75% of the loan amount, and annual MIP ranges from 0.45% to 1.05% depending on loan terms. These costs can vary by lender and borrower situation. 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 does an FHA loan specialist in Garfield do?
An FHA loan specialist guides borrowers through the FHA loan process, from pre-approval to closing. They help determine eligibility, explain New Jersey specific property requirements, and assist with documentation. Specialists must follow federal HUD guidelines and New Jersey state lending laws.
What are the FHA loan limits for Garfield New Jersey?
For 2025, FHA loan limits in Bergen County, which includes Garfield, are higher than standard limits due to local home prices. The floor limit is typically around $498,257 for a single-family home, while the ceiling can reach over $1,149,825 in high-cost areas. A specialist can provide current exact limits.
Are there New Jersey specific requirements for FHA loans?
Yes, New Jersey requires all FHA loans to include a state specific mortgage insurance premium disclosure. Additionally, New Jersey has a 3-day right of rescission for refinances under federal law. The state also mandates that lenders provide a Good Faith Estimate within three business days of application.