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 New Jersey before hiring.
Showing 4 fha loan specialists in Teaneck, 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.
FM Home Loans
568 Cedar Ln, Teaneck, NJ 07666
2018085345
Yael Ishakis - FM Home Loans
568 Cedar Ln, Teaneck, NJ 07666
7187320309
Peak Private Lending
319 Queen Anne Rd, Teaneck, NJ 07666
2018367300
Guaranteed Rate of Teaneck
202 The Plaza, Teaneck, NJ 07666
2015911170
What Does a FHA Loan Specialist in Teaneck Cost?
FHA loan specialist fees in New Jersey typically range from 1 to 2 percent of the loan amount. Origination fees average around 1 percent. The upfront mortgage insurance premium is 1.75 percent of the base loan amount. Annual mortgage insurance premiums vary from 0.15 to 0.75 percent depending on loan term and down payment. Closing costs in Bergen County often total 3 to 5 percent of the purchase price. 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 limits for Teaneck New Jersey in 2024?
For Bergen County New Jersey the 2024 FHA loan limit for a single family home is $1,149,825. This high cost area limit applies to Teaneck and surrounding communities. Limits change annually based on median home prices.
What credit score is needed for an FHA loan in New Jersey?
FHA loans in New Jersey require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Lenders in New Jersey may set higher minimums.
Are FHA loans assumable in New Jersey?
Yes FHA loans are assumable in New Jersey. The buyer must qualify under FHA guidelines and the lender must approve the assumption. This can be beneficial when interest rates rise as the buyer takes over the existing rate.