FHA Loan Specialists in Alton, IL — Compare & Find

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 Illinois before hiring.

Showing 14 fha loan specialists in Alton, IL Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.

World Finance

1752 Homer M Adams Pkwy, Alton, IL 62002

(618) 465-9330 loansbyworld.com

Heights Finance

228 Regional Dr, Alton, IL 62002

(618) 462-0139 heightsfinance.com

Mariner Finance

1837 Homer M Adams Pkwy Suite G-2, Alton, IL 62002

(618) 466-2728 locations.marinerfinance.com

Regional Finance

1837 Homer M Adams Pkwy Suite Q, Alton, IL 62002

(618) 619-2641 branches.regionalfinance.com

OneMain Financial

215 E Center Dr d, Alton, IL 62002

(618) 465-2566 onemainfinancial.com

Altonized Community Federal Credit Union

4435 N Alby St, Alton, IL 62002

(618) 466-3884 altonizedfcu.org

Associated Bank

104 Homer M Adams Pkwy, Alton, IL 62002

(618) 465-4422 associatedbank.com

Busey Bank

4415 Martin Luther King Dr, Alton, IL 62002

(618) 467-6700 busey.com

Sports Afield Mortgage

3644 Fosterburg Rd, Alton, IL 62002

(618) 494-6491 sportsafieldmortgage.com

Heartland Bank and Trust Company

200 Homer M Adams Pkwy, Alton, IL 62002

(618) 465-5656 hbtbank.com

Edward Jones - Financial Advisor: Art Fahrner, CFP®

2305 State St, Alton, IL 62002

(618) 995-8394 edwardjones.com

Wells Fargo Advisors

112 Homer M Adams Pkwy, Alton, IL 62002

(618) 466-0011 home.wellsfargoadvisors.com

Preferred Mortgage Services, Inc.

2375 East Homer M Adams Pkwy, Alton, IL 62002

(618) 463-5700

US Bank Mortgage

2627 State St, Alton, IL 62002

(800) 872-2657 usbank.com

FHA loan specialists in Alton, Illinois help homebuyers navigate Federal Housing Administration loans, which are popular for their low down payment requirements. Illinois law requires all mortgage loan originators to be licensed through the Illinois Department of Financial and Professional Regulation. Local specialists understand the Alton real estate market and can guide buyers through FHA appraisal and underwriting processes specific to the region.

What Does a FHA Loan Specialist in Alton Cost?

FHA loan costs in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount, which can be financed into the loan. Annual mortgage insurance premiums range from 0.45 percent to 1.05 percent of the loan balance depending on loan term and down payment. Typical closing costs in Alton range from 2 to 5 percent of the purchase price. 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 requirements in Alton Illinois?

FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. The property must also meet FHA minimum property standards and be the borrowers primary residence.

How do I find a licensed FHA loan specialist in Alton?

You can search the Nationwide Mortgage Licensing System database to verify a loan originators license. In Illinois, all mortgage loan originators must hold a valid license from the Illinois Department of Financial and Professional Regulation. Local banks and credit unions in Alton often employ FHA specialists.

What is the FHA loan limit for Madison County Illinois?

For 2024, the FHA loan limit for a single-family home in Madison County is $498,257. This limit is adjusted annually by the Department of Housing and Urban Development based on median home prices in the area. Higher limits apply for multi-unit properties.

FHA Loan Specialists in Other Illinois Cities

Algonquin · Antioch · Arlington Heights · Aurora · Barrington · Bartlett · Batavia · Belleville · Berwyn · Bloomingdale · Bloomington · Bolingbrook · Bourbonnais · Bradley · Brookfield

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About Our Listings

Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the State Mortgage Licensing Authority of Illinois.

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