FHA Loan Specialists in Grand Junction, CO
Browse fha loan specialists serving Grand Junction, Colorado. 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 Colorado before hiring.
Showing 20 fha loan specialists in Grand Junction, CO
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 Grand Junction Colorado helps borrowers navigate Federal Housing Administration insured loans. These loans are popular in Mesa County for first time home buyers and those with lower credit scores. Colorado law requires all mortgage loan originators to be licensed through the Colorado Division of Real Estate, ensuring local specialists meet state standards.
What Does a FHA Loan Specialist in Grand Junction Cost?
Typical costs for an FHA loan specialist in Colorado include origination fees ranging from 0.5 percent to 1.5 percent of the loan amount. The upfront mortgage insurance premium is 1.75 percent of the loan amount and can be financed into the loan. Annual mortgage insurance premiums vary from 0.45 percent to 1.05 percent depending on loan term and down payment. Appraisal fees in Grand Junction usually range from $500 to $800. 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 Grand Junction do?
An FHA loan specialist guides you through the FHA loan process from pre approval to closing. They help you understand FHA requirements such as the 3.5 percent minimum down payment and the upfront mortgage insurance premium. In Colorado they also verify that the property meets FHA minimum property standards.
What are the credit score requirements for an FHA loan in Colorado?
FHA loans generally require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Colorado lenders may have overlays that require a slightly higher score so it is important to ask your specialist.
Are there Colorado specific rules for FHA loans?
Yes Colorado has specific laws regarding mortgage loan originator licensing and disclosures. The Colorado Consumer Equity Protection Act requires lenders to provide clear loan terms and prohibits certain predatory practices. FHA loans in Colorado also follow the same federal limits which for Grand Junction in 2024 are approximately $498,257 for a single family home.