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Showing 2 fha loan specialists in 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.
Bryan Tavares | Mortgage Professional
595 Putnam Pike, Smithfield, RI 02917
7744069353
AnnieMac Home Mortgage
39 Cedar Swamp Rd, Smithfield, RI 02917
4018625110
What Does a FHA Loan Specialist in Smithfield Cost?
Typical costs for an FHA loan specialist in Rhode Island include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 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 Smithfield generally total 3 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 Smithfield do?
An FHA loan specialist helps you understand FHA loan requirements, pre qualify you, and guide you through the application process. They ensure your loan meets FHA standards and Rhode Island lending laws.
What are the FHA loan limits for Smithfield Rhode Island?
For 2024 the FHA loan limit for a single family home in Providence County which includes Smithfield is $498,257. Higher limits apply for multi unit properties.
Do I need a special license to be an FHA loan specialist in Rhode Island?
Yes Rhode Island requires all mortgage loan originators to hold a valid license through the NMLS. They must also complete continuing education each year to maintain their license.