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 14 fha loan specialists in Downers Grove, 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.
Neighborhood Loans: Downers Grove - NMLS ID: 222982
1333 Butterfield Rd Suite 600, Downers Grove, IL 60515
6302464777
Tammy Hajjar Miller / Neighborhood Loans
1333 Butterfield Rd Suite 600, Downers Grove, IL 60515
7737264374
Newrez LLC
1400 Opus Pl #830, Downers Grove, IL 60515
6304042877
Eric Hamilton at Rate (NMLS #414113)
5002 Main St Suite 201, Downers Grove, IL 60515
6303647571
Josh Hill - Mortgage Loan Officer - Neighborhood Loans
1333 Butterfield Rd, Downers Grove, IL 60515
7089354850
Rudy Lopez at Rate (NMLS #575505)
5002 Main St Suite 201, Downers Grove, IL 60515
6305814768
McGuire Lending Group
900 Ogden Ave, Downers Grove, IL 60515
6309711901
Dylan Kramer, Mortgage Broker, NMLS #224916
1333 Butterfield Rd, Downers Grove, IL 60515
6307087088
Fabian Herrera at Rate (NMLS #2174448)
5002 Main St Suite 201, Downers Grove, IL 60515
6308691052
Juan Loya - NMLS# 755868
1333 Butterfield Rd Suite 600, Downers Grove, IL 60515
7087227083
Mike Caputo | Sr. Loan Officer | NMLS# 1704574 | Neighborhood Loans
1333 Butterfield Rd, Downers Grove, IL 60515
3312073855
Daniel M. Ortiz- Mortgage Team
5117 Main St ste c, Downers Grove, IL 60515
7738584527
Evan Shor - Neighborhood Loans
1333 Butterfield Rd Suite 600, Downers Grove, IL 60515
6305516055
Rate
5002 Main St Suite 201, Downers Grove, IL 60515
6303647571
What Does a FHA Loan Specialist in Downers Grove Cost?
Typical costs for an FHA loan specialist in Illinois include an origination fee of 1 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 Downers Grove 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.
Frequently Asked Questions
What are the FHA loan requirements in Downers Grove Illinois?
FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580. The property must meet FHA appraisal standards and be your primary residence. Illinois law also requires a home inspection disclosure before closing.
How do I find a licensed FHA loan specialist in Downers Grove?
You can search the Nationwide Multistate Licensing System database to verify a loan originator license in Illinois. Local mortgage brokers and banks in Downers Grove often employ FHA specialists. Always confirm their license status before proceeding.
What is the FHA loan limit for Downers Grove Illinois?
For 2024 the FHA loan limit for DuPage County is 498257 dollars for a single family home. Higher limits apply for multi unit properties. These limits are set by the Federal Housing Administration and updated annually.