An FHA loan specialist in DeKalb Illinois helps borrowers navigate Federal Housing Administration insured mortgages. These loans are popular for first time homebuyers and those with lower credit scores. Illinois law requires all mortgage loan originators to be licensed through the Illinois Department of Financial and Professional Regulation.
What Does a FHA Loan Specialist in DeKalb 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 DeKalb usually total 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.
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FHA Loan Specialists in Other Illinois Cities
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