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Showing 2 fha loan specialists in North Smithfield, RI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Network Funding LP
621 Pound Hill Rd Suite 103, North Smithfield, RI 02896
4016512716
First Northern Financial Group
980 Eddie Dowling Hwy, North Smithfield, RI 02896
8007371366
What Does a FHA Loan Specialist in North Smithfield Cost?
Typical costs for FHA loan specialist services in Rhode Island include an origination fee of 1 percent of the loan amount, plus 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 North Smithfield generally range from 3,000 to 7,000 dollars. 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 North Smithfield?
An FHA loan specialist helps you determine if you qualify for an FHA loan, guides you through the application process, and ensures you meet Rhode Island specific requirements. They also help you understand local property tax laws and closing costs in North Smithfield.
What are the FHA loan limits for North Smithfield Rhode Island?
For 2024, the FHA loan limit for a single family home in Providence County which includes North Smithfield is 498,257 dollars. Limits may change each year based on the local median home price.
Do I need a special license to be an FHA loan specialist in Rhode Island?
Yes, all mortgage loan originators in Rhode Island must hold a valid license through the Nationwide Multistate Licensing System. The Rhode Island Department of Business Regulation oversees licensing and compliance.