Find FHA Loan Specialists in Wilmington, DE
Directory of fha loan specialists in Wilmington, Delaware. Verify credentials with the state state mortgage licensing authority before hiring.
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 Delaware before hiring.
Showing 19 fha loan specialists in Wilmington, DE
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 Wilmington Delaware helps homebuyers navigate government-backed mortgages insured by the Federal Housing Administration. These loans are popular in Delaware due to lower down payment requirements and flexible credit guidelines. Wilmington borrowers often work with specialists who understand local property values in New Castle County and Delaware specific closing procedures.
What Does a FHA Loan Specialist in Wilmington Cost?
Typical costs for an FHA loan specialist in Wilmington Delaware include an origination fee which is usually 1 percent of the loan amount or about $3,000 to $5,000 on a $350,000 loan. Third party costs like appraisal fees range from $500 to $700 and credit report fees are around $30 to $50. Closing costs in Delaware generally total 3 to 5 percent of the purchase price though some can be rolled into the loan. 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 are the FHA loan limits for Wilmington Delaware in 2025?
For 2025 the FHA loan limit for a single family home in New Castle County Delaware is $498,257. This limit applies to most areas in Wilmington and may be higher for multi unit properties. Limits are set annually by the Department of Housing and Urban Development HUD.
What is the minimum down payment for an FHA loan in Delaware?
The minimum down payment for an FHA loan in Delaware is 3.5 percent of the purchase price if your credit score is 580 or higher. Borrowers with credit scores between 500 and 579 may qualify with a 10 percent down payment. These rules are set by HUD and apply uniformly across all states including Delaware.
Do FHA loans in Wilmington require mortgage insurance?
Yes all FHA loans require mortgage insurance. You pay an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium that varies from 0.15 to 0.75 percent depending on loan term and down payment. In Delaware this insurance is required for the life of the loan if your down payment is less than 10 percent.