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Showing 2 fha loan specialists in Mahwah, NJ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Scott Mantel, Loan Officer - Nationwide Equities Corporation
1 International Blvd #1202, Mahwah, NJ 07495
9174978779
Mortgage, Bank of America
210 NJ-17, Mahwah, NJ 07430
2015970167
What Does a FHA Loan Specialist in Mahwah Cost?
FHA loan specialist fees in New Jersey typically range from 1 to 2 percent of the loan amount. Upfront mortgage insurance premium is 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Closing costs in Bergen County average 3 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 are the FHA loan limits for Mahwah New Jersey in 2024?
For 2024 the FHA loan limit for a single family home in Bergen County including Mahwah is $1,149,825. This high limit reflects the areas elevated property values. Limits are set by the Federal Housing Administration and updated annually.
What credit score is needed for an FHA loan in New Jersey?
The minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. New Jersey lenders may have their own overlay requirements.
How long does FHA loan processing take in New Jersey?
Typical FHA loan processing in New Jersey takes 30 to 45 days from application to closing. New Jersey law requires lenders to provide a Good Faith Estimate within three business days of application. Delays can occur if additional documentation is needed.