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Showing 3 fha loan specialists in Homewood, 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.
Ransom Kelly - Assurance Financial
2810 Crescent Ave, Homewood, AL 35209
(205) 605-8027
ransomkhomeloans.com
Assurance Financial - Homewood
2810 Crescent Ave, Homewood, AL 35209
(205) 774-3400
assurancemortgage.com
Kimekia Holifield, Mortgage Loan Officer - First Horizon Bank
2340 Woodcrest Pl, Homewood, AL 35209
(205) 803-5939
firsthorizon.com
What Does a FHA Loan Specialist in Homewood Cost?
Typical costs for an FHA loan specialist in Alabama include an origination fee of 1% to 1.5% of the loan amount. Upfront mortgage insurance premium (UFMIP) is 1.75% of the loan, and annual MIP ranges from 0.45% to 1.05% depending on loan terms. Closing costs in Alabama average 3% to 5% 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 Homewood do?
An FHA loan specialist helps borrowers understand FHA loan requirements and complete the application process. They review your credit history, income, and property eligibility to ensure you meet HUD guidelines. In Alabama, specialists also help you navigate local property tax and insurance rules.
What are the FHA loan limits for Homewood Alabama?
For 2024, the FHA loan limit for a single-family home in Jefferson County is $498,257. This limit applies to Homewood and surrounding areas. Higher limits apply for multi-unit properties.
How do I choose an FHA loan specialist in Homewood?
Look for a specialist who is licensed in Alabama and has experience with FHA loans. Check their NMLS number and read client reviews. You can also ask about their familiarity with local Homewood real estate market conditions.