FHA Loan Specialists in Locust Grove, GA
Compare fha loan specialists in Locust Grove. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Georgia before hiring.
Showing 4 fha loan specialists in Locust Grove, GA
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An FHA loan specialist in Locust Grove, Georgia helps home buyers and homeowners secure loans insured by the Federal Housing Administration. Georgia law requires all mortgage loan originators to be licensed through the Georgia Department of Banking and Finance. Locust Grove buyers often use FHA loans for their lower down payment options and flexible credit requirements.
What Does a FHA Loan Specialist in Locust Grove Cost?
Typical costs for an FHA loan specialist in Georgia include an origination fee of 1 percent of the loan amount, which is usually capped at 1 percent by FHA rules. Appraisal fees range from $500 to $700, and credit report fees are about $30 to $50. The upfront mortgage insurance premium is 1.75 percent of the loan amount, and the annual premium is 0.55 percent of the loan balance. These costs vary by lender and borrower profile. 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 Locust Grove, Georgia in 2025?
For 2025, the FHA loan limit for a single-family home in Henry County, which includes Locust Grove, is $498,257. This limit applies to standard FHA loans and may be higher for multi-unit properties. Limits are set by the U.S. Department of Housing and Urban Development.
What is the minimum down payment for an FHA loan in Georgia?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. If your credit score is between 500 and 579, you may qualify with a 10 percent down payment. These requirements apply nationwide including Georgia.
Do I need to pay Georgia state taxes on FHA mortgage insurance premiums?
Georgia allows a deduction for mortgage insurance premiums on state income taxes, subject to certain income limits. This deduction applies to FHA annual mortgage insurance premiums. Consult a tax professional for your specific situation.