Find FHA Loan Specialists Near You in Aurora, IL
Directory of fha loan specialists in Aurora, Illinois. 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 Illinois before hiring.
Showing 20 fha loan specialists in Aurora, 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.
What Does a FHA Loan Specialist in Aurora Cost?
Typical costs for an FHA loan specialist in Illinois include an origination fee of 1 to 1.5 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Aurora usually total 3 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 does an FHA loan specialist in Aurora do?
An FHA loan specialist helps borrowers understand FHA loan guidelines and complete the application process. They review your financial documents and help you meet the minimum 3.5 percent down payment requirement. Specialists also explain Illinois specific property condition standards required for FHA approval.
What are the credit score requirements for an FHA loan in Illinois?
The standard FHA loan requires a minimum credit score of 580 for the 3.5 percent down payment option. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Illinois lenders may have additional overlays that require higher scores.