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 Illinois before hiring.
Showing 5 fha loan specialists in Calumet City, 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.
Illiana Financial Credit Union
1600 Huntington Dr, Calumet City, IL 60409
7088917800
Tri State Financial Services
1258 Burnham Ave, Calumet City, IL 60409
7088627820
Mortgage, Bank of America
1701 River Oaks Dr, Calumet City, IL 60409
7083607351
Kimberly Hautman - Chase Home Lending Advisor - NMLS ID 496178
1783 River Oaks Dr, Calumet City, IL 60409
7082651711
Chase Home Lending
1783 River Oaks Dr, Calumet City, IL 60409
7082651711
What Does a FHA Loan Specialist in Calumet City Cost?
Typical costs for an FHA loan specialist in Illinois include an origination fee of 1 percent of the loan amount. Closing costs usually range from 3 to 5 percent of the purchase price. For a $200,000 home that means $6,000 to $10,000 in total closing costs. 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 does an FHA loan specialist in Calumet City do?
An FHA loan specialist guides you through the FHA loan process from pre approval to closing. They help you understand credit score minimums debt to income ratios and property eligibility for Calumet City homes.
What are the FHA loan limits for Calumet City Illinois?
For 2024 the FHA loan limit for a single family home in Cook County including Calumet City is $498,257. Higher limits apply for multi unit properties. These limits are set by the U.S. Department of Housing and Urban Development.
Do I need a special license for FHA loans in Illinois?
Yes all mortgage loan originators in Illinois must hold a valid license from the Illinois Department of Financial and Professional Regulation. They must also complete continuing education each year to maintain their license.