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Showing 3 fha loan specialists in Delmar, NY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Homestead Funding Corp: Lisa Smith Fortin | NMLS# 64674
318 Delaware Ave Suite 15, Delmar, NY 12054
5184950086
Homestead Funding Corp. – Delmar
318 Delaware Ave Suite 15, Delmar, NY 12054
5187293782
Homestead Funding Corp: Kellie Ferrari | NMLS# 66546
318 Delaware Ave Suite 15, Delmar, NY 12054
5182253903
What Does a FHA Loan Specialist in Delmar Cost?
Typical costs for an FHA loan specialist in New York include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual MIP of 0.15 to 0.75 percent. Lender origination fees range from 0.5 to 1.5 percent of the loan. Appraisal fees in Delmar average 500 to 700 dollars. Closing costs generally total 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 are the FHA loan limits for Delmar New York?
For 2024, FHA loan limits in Albany County, which includes Delmar, are 498,257 for a single-family home. Higher limits apply for multi-unit properties. These limits are set by the U.S. Department of Housing and Urban Development and may change annually.
What credit score is needed for an FHA loan in New York?
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 qualify with a 10 percent down payment. New York lenders may have overlays requiring higher scores.