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Showing 2 fha loan specialists in Palisades Park, 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.
Santander Mortgage
300 Broad Ave, Palisades Park, NJ 07650
8622535926
Chase Home Lending
460 Bergen Blvd Suite 100, Palisades Park, NJ 07650
2016611318
What Does a FHA Loan Specialist in Palisades Park Cost?
Typical costs for an FHA loan specialist in New Jersey include an origination fee of 1 to 2 percent of the loan amount. The upfront mortgage insurance premium is 1.75 percent of the loan, and annual MIP ranges from 0.45 to 1.05 percent. 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 is an FHA loan and who should use one in Palisades Park?
An FHA loan is a government backed mortgage insured by the Federal Housing Administration. It is ideal for buyers with lower credit scores or smaller down payments. In New Jersey, FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580.
What documents do I need to apply for an FHA loan in New Jersey?
You will need pay stubs, W-2 forms, tax returns, bank statements, and a valid ID. New Jersey lenders also require proof of residency and a signed mortgage application. Your specialist will guide you through the full checklist.
How long does the FHA loan process take in Palisades Park?
The process typically takes 30 to 45 days from application to closing. In New Jersey, lenders must provide a Loan Estimate within three business days of your application. Delays can occur if additional documentation is needed.