Find FHA Loan Specialists Near You in Davenport, FL
Directory of fha loan specialists in Davenport, Florida. 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 Florida before hiring.
Showing 10 fha loan specialists in Davenport, FL
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An FHA loan specialist in Davenport, Florida can help you navigate the process of obtaining a government-backed mortgage. These loans are popular in Central Florida due to lower down payment requirements and flexible credit guidelines. Florida law requires all mortgage loan originators to be licensed through the Florida Office of Financial Regulation, ensuring you work with a qualified professional.
What Does a FHA Loan Specialist in Davenport Cost?
Typical costs for an FHA loan specialist in Florida include an origination fee of 1 to 2 percent of the loan amount, plus third-party fees for appraisal, credit report, and title search. For a $250,000 home, total closing costs often range from $5,000 to $10,000. The upfront mortgage insurance premium is 1.75 percent of the loan amount. 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 is an FHA loan and who qualifies in Davenport Florida?
An FHA loan is a mortgage insured by the Federal Housing Administration. In Davenport, you typically need a minimum credit score of 580 and a down payment of 3.5 percent. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment.
What are the FHA loan limits for Polk County Florida?
For 2025, the FHA loan limit for a single-family home in Polk County, which includes Davenport, is $498,257. This amount is based on the median home price in the area and is set annually by the Department of Housing and Urban Development.
Do I need mortgage insurance for an FHA loan in Florida?
Yes, all FHA loans require mortgage insurance. You pay an upfront premium of 1.75 percent of the loan amount and an annual premium that varies from 0.15 to 0.75 percent depending on your loan term and down payment. This insurance protects the lender if you default.