FHA Loan Specialists in Athens, AL
Directory of fha loan specialists in Athens, Alabama. 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 Alabama before hiring.
Showing 14 fha loan specialists in Athens, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Athens Alabama can guide you through the process of obtaining a government-backed mortgage. These loans are popular in Limestone County due to lower down payment requirements and flexible credit guidelines. Alabama law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS).
What Does a FHA Loan Specialist in Athens Cost?
Typical costs for an FHA loan in Alabama include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount and an annual mortgage insurance premium (MIP) of 0.55 percent to 0.85 percent. Closing costs in Athens usually range from 2 to 5 percent of the purchase price. Lender fees and third-party costs such as appraisal and title insurance vary by case. 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 credit score do I need for an FHA loan in Athens Alabama?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. If your score is between 500 and 579 you may still qualify but you will need a 10 percent down payment. Each lender in Alabama may have its own overlay requirements so check with a specialist.
Are FHA loans only for first-time homebuyers in Athens?
No FHA loans are available to any qualified buyer including repeat buyers. You must use the home as your primary residence. There is no first-time buyer restriction under Alabama or federal FHA rules.