Compare FHA Loan Specialists in Turnersville, NJ
Compare fha loan specialists in Turnersville. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of New Jersey before hiring.
Showing 2 fha loan specialists in Turnersville, 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.
What Does a FHA Loan Specialist in Turnersville 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 percent to 0.85 percent. Closing costs in New Jersey generally range from 2 to 5 percent of the purchase price. Origination fees and lender charges vary by specialist. 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 credit score requirements for an FHA loan in Turnersville New Jersey?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify with a 10 percent down payment. New Jersey lenders may have additional overlay requirements.
How do New Jersey FHA loan limits affect Turnersville home buyers?
FHA loan limits vary by county in New Jersey. For Gloucester County where Turnersville is located the 2024 limit for a single family home is $498,257. Higher limits apply for multi unit properties.
What is the process for getting an FHA loan in Turnersville New Jersey?
You first need to find a licensed FHA loan specialist in New Jersey. They will review your income, credit, and assets. You must also get a property appraisal by an FHA approved appraiser. The entire process usually takes 30 to 45 days.