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Showing 4 fha loan specialists in Levittown, 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.
UNMB Home Loans Inc. - Corporate Headquarters
3601 Hempstead Tpke #500, Levittown, NY 11756
8008002023
Home Buyer Learning Center- Powered By United Mortgage
3025 Hempstead Tpke, Levittown, NY 11756
6316978501
Andrew Roden Mortgage Loan Originator
3025 Hempstead Tpke, Levittown, NY 11756
6319421683
UNMB Wholesale
3601 Hempstead Tpke, Levittown, NY 11756
9497349720
What Does a FHA Loan Specialist in Levittown Cost?
Typical costs for FHA loan specialist services in New York include an origination fee of 0.5 to 1.0 percent of the loan amount. Appraisal fees in Nassau County range from 500 to 700 dollars. Third party costs such as title search and credit report fees add 1,000 to 2,500 dollars. Costs vary by situation and lender. 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 down payment requirements for an FHA loan in Levittown?
FHA loans typically require a minimum down payment of 3.5 percent of the purchase price. In New York, you may also use gift funds from family members for this down payment. The specialist will help you verify all source of funds.
Do FHA loans in New York require mortgage insurance?
Yes, FHA loans require both an upfront mortgage insurance premium (UFMIP) and an annual mortgage insurance premium (MIP). The UFMIP is 1.75 percent of the loan amount and can be financed into the loan. The annual MIP varies based on loan term and loan-to-value ratio.
What credit score is needed for an FHA loan in Levittown?
FHA guidelines allow a minimum credit score of 580 for the 3.5 percent down payment option. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. New York lenders may have their own overlay requirements, so check with a local specialist.