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 York before hiring.
Showing 3 fha loan specialists in Mechanicville, 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.
Victory Funding
2296 US-9, Mechanicville, NY 12118
5188997700
Ron Adrian - Mortgage Loan Originator
2296 US-9, Mechanicville, NY 12118
5187765779
Allied First Bank-Marc Salvadore
311 Park Ave, Mechanicville, NY 12118
5183487460
What Does a FHA Loan Specialist in Mechanicville Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of 1 to 2 percent of the loan amount. Upfront mortgage insurance premium is 1.75 percent of the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Closing costs in New York average 2 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 does an FHA loan specialist in Mechanicville do?
An FHA loan specialist guides you through the FHA loan process from pre-approval to closing. They help you understand New York specific requirements such as property appraisal standards and mortgage recording tax rules. They also verify that your chosen property meets FHA minimum property standards.
What are the FHA loan limits for Mechanicville New York?
For 2024, FHA loan limits in Saratoga County where Mechanicville is located are set at $498,257 for a single family home. Higher limits apply for multi unit properties. These limits are adjusted annually by the Department of Housing and Urban Development.