Compare FHA Loan Specialists in Prattville, AL
Browse fha loan specialists serving Prattville, 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 16 fha loan specialists in Prattville, 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.
FHA loan specialists in Prattville, Alabama help homebuyers secure government-backed mortgages with lower down payments and flexible credit requirements. Alabama law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Prattville borrowers benefit from local specialists who understand the Autauga County real estate market and Alabama property tax rules.
What Does a FHA Loan Specialist in Prattville Cost?
Typical costs for an FHA loan in Prattville include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, and an annual mortgage insurance premium (MIP) of 0.55% to 0.85% depending on loan term and down payment. Closing costs generally range from 2% to 5% of the purchase price, covering appraisal fees, title insurance, and lender fees. Alabama charges a mortgage recording tax of $0.15 per $100 of the loan amount. 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 are the FHA loan limits for Prattville Alabama in 2025?
For 2025, the FHA loan limit for a single-family home in Autauga County is $498,257 for standard loans. Higher limits may apply for duplex, triplex, or four-unit properties. These limits are set by the U.S. Department of Housing and Urban Development and adjust annually based on median home prices.
What Alabama-specific rules apply to FHA loans in Prattville?
Alabama requires all FHA loans to include a valid property appraisal from a state-licensed appraiser. The state also has a 30-day right of rescission period for refinances. Borrowers must provide proof of Alabama homeowners insurance before closing.
How long does it take to close an FHA loan in Prattville?
A typical FHA loan in Prattville closes in 30 to 45 days from application. Delays can occur if the property needs repairs required by FHA minimum property standards. Alabama law does not impose a specific timeline beyond federal guidelines.