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Showing 2 fha loan specialists in Farmington, AR
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Chandra Beach (NEO Home Loans) NMLS 564277
140 Southwinds Rd Suite 134, Farmington, AR 72730
4794852150
Arvest Bank
110 E Main St, Farmington, AR 72730
4795751000
What Does a FHA Loan Specialist in Farmington Cost?
Typical costs for an FHA loan specialist in Arkansas include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Closing costs in Farmington generally range from 2 to 5 percent of the purchase price. Appraisal fees for FHA loans in Arkansas are usually between $400 and $700. 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 Farmington do?
An FHA loan specialist guides you through the FHA loan process including pre-approval, documentation, and closing. They ensure the property meets FHA minimum property standards. In Arkansas, specialists must be licensed by the Arkansas Securities Department.
What are the credit score requirements for an FHA loan in Arkansas?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Scores between 500 and 579 may qualify with a 10 percent down payment. Arkansas lenders may have overlays requiring higher scores.