Find FHA Loan Specialists in East Stroudsburg, PA
Directory of fha loan specialists in East Stroudsburg, Pennsylvania. Verify credentials with the state state mortgage licensing authority before hiring.
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 Pennsylvania before hiring.
Showing 4 fha loan specialists in East Stroudsburg, PA
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FHA loan specialists in East Stroudsburg Pennsylvania help homebuyers secure government backed mortgages with lower down payments. These loans are insured by the Federal Housing Administration and follow HUD guidelines. Pennsylvania law requires all mortgage loan originators to be licensed through the Pennsylvania Department of Banking and Securities.
What Does a FHA Loan Specialist in East Stroudsburg Cost?
FHA loan specialists in Pennsylvania typically charge an origination fee of 1 to 2 percent of the loan amount. Borrowers also pay an upfront mortgage insurance premium of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Closing costs in East Stroudsburg usually total 3 to 5 percent of the purchase price. 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 is the minimum down payment for an FHA loan in East Stroudsburg?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price. This applies to all FHA loans in Pennsylvania including East Stroudsburg. Borrowers must also have a credit score of at least 580 to qualify for this low down payment option.
Are there property condition requirements for FHA loans in Pennsylvania?
Yes FHA loans require the property to meet minimum health and safety standards through an FHA appraisal. In Pennsylvania the appraisal also checks for lead based paint hazards in homes built before 1978. The property must be owner occupied and in good condition.
What are the FHA loan limits for Monroe County Pennsylvania?
FHA loan limits for Monroe County in 2024 are set by HUD and vary by property type. For a single family home the limit is typically around 498 thousand dollars. These limits are updated annually and may be higher for multi unit properties.