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Showing 2 fha loan specialists in Monroe Township, 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.
First Team Mortgage LLC
315 Forsgate Dr, Monroe Township, NJ 08831
7324026700
Paramount Residential Mortgage Group - PRMG Inc.
977 NJ-33 Suite 101, Monroe Township, NJ 08831
7328893334
What Does a FHA Loan Specialist in Monroe Township Cost?
Typical costs for an FHA loan in New Jersey include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Middlesex County range from 2 to 5 percent of the purchase price. Lender fees vary but may include an origination fee of 1 percent. 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 are the FHA loan requirements in Monroe Township New Jersey?
FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers must also have a debt to income ratio below 43 percent. The property must meet FHA appraisal standards and be located in an approved area.
How do I find a licensed FHA loan specialist in Monroe Township?
You can search the Nationwide Mortgage Licensing System database for licensed loan originators in New Jersey. Monroe Township specialists must hold a valid New Jersey mortgage loan originator license. Check for local offices in Middlesex County for convenient service.
What documents do I need for an FHA loan application in New Jersey?
You need recent pay stubs, W-2 forms from the last two years, tax returns, bank statements, and proof of any additional income. New Jersey law also requires a valid government issued photo ID. Your specialist will provide a full checklist.