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Showing 2 fha loan specialists in Scotch Plains, 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.
American United Mortgage Corporation
210 Haven Ave, Scotch Plains, NJ 07076
9083225423
Joe Farella - Mortgage Lender - American United Mortgage Corporation
210 Haven Ave, Scotch Plains, NJ 07076
9083328335
What Does a FHA Loan Specialist in Scotch Plains Cost?
Typical costs for FHA loan specialist services in New Jersey include an origination fee of 1 to 2 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Other costs include appraisal fees of $400 to $700 and title search fees of $300 to $600. 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 Scotch Plains New Jersey?
FHA loan limits in Union County, which includes Scotch Plains, are set annually by the Department of Housing and Urban Development. For 2024, the standard limit for a single family home is $498,257. High cost area limits may apply if property values are higher.
Do I need a New Jersey specific license to be an FHA loan specialist?
Yes, FHA loan specialists in New Jersey must hold a Mortgage Loan Originator license issued by the New Jersey Department of Banking and Insurance. They must also complete continuing education courses each year to maintain their license.
What documents do I need for an FHA loan in Scotch Plains?
You will need recent pay stubs, W 2 forms, tax returns for the last two years, bank statements, and a valid government issued ID. New Jersey law also requires proof of homeowners insurance before closing.