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Showing 4 fha loan specialists in Mt Vernon, 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.
Dalco Financial Services, Inc
120 Stevens Ave, Mt Vernon, NY 10550
9146647800
Chase Home Lending
511 Gramatan Ave, Mt Vernon, NY 10552
9146993521
Chase Mortgage
22 W 1st St, Mt Vernon, NY 10550
9146642860
Commercial Lending Mount Vernon NY
229 E Sandford Blvd, Mt Vernon, NY 10553
9143713557
What Does a FHA Loan Specialist in Mt Vernon Cost?
Typical costs for an FHA loan specialist in New York include an origination fee of 1% of the loan amount and an upfront mortgage insurance premium of 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Additional costs may include appraisal fees around $500 to $700 and title insurance fees varying by property value. 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 do in Mt Vernon?
An FHA loan specialist guides borrowers through the FHA loan process including credit checks and property appraisals. They help ensure the property meets FHA minimum standards. The specialist also explains New York-specific mortgage recording taxes.
What are the FHA loan limits for Mt Vernon New York?
For 2024 the FHA loan limit for a single-family home in Westchester County is $1,149,825. This high limit reflects the area median home prices. Borrowers should confirm current limits with their specialist as they change annually.
How do I choose an FHA loan specialist in Mt Vernon?
Look for a specialist licensed in New York with experience in Westchester County transactions. Check their NMLS number on the Nationwide Multistate Licensing System. Ask about their familiarity with local property types like co-ops and condos common in Mt Vernon.