FHA Loan Specialists in Huntsville, AL
Browse fha loan specialists serving Huntsville, Alabama. Contact information and addresses listed below.
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 20 fha loan specialists in Huntsville, 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 Huntsville Alabama helps homebuyers navigate Federal Housing Administration loans. These loans are popular in Huntsville due to lower down payment requirements and flexible credit guidelines. Alabama law requires all mortgage loan originators to be licensed through the Alabama State Banking Department.
What Does a FHA Loan Specialist in Huntsville Cost?
Typical costs for an FHA loan specialist in Alabama include an origination fee of 1% of the loan amount and an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Closing costs in Huntsville usually total 2% 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 Huntsville do?
An FHA loan specialist guides you through the FHA loan process from application to closing. They help determine your eligibility, gather required documents, and ensure the loan meets FHA and Alabama state regulations.
What are the FHA loan limits for Huntsville Alabama in 2024?
For 2024, the FHA loan limit for a single-family home in Madison County is $498,257. This limit applies to most areas in Huntsville and may be higher for multi-unit properties.
Do I need a special license to work with an FHA loan specialist in Alabama?
Yes. All mortgage loan originators in Alabama must hold a valid license from the Alabama State Banking Department. You can verify a specialist license through the Nationwide Multistate Licensing System (NMLS).