Find FHA Loan Specialists in Lansing, IL
Browse fha loan specialists serving Lansing, Illinois. Contact information and addresses listed below.
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 5 fha loan specialists in Lansing, 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 Lansing Cost?
Typical costs for an FHA loan specialist in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.45 to 1.05 percent. Closing costs in Lansing usually range from 3 to 5 percent of the purchase price. Lender fees and appraisal costs vary by provider. 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 credit score do I need for an FHA loan in Lansing Illinois?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. Illinois law does not change this federal requirement. Some lenders may require a higher score for certain loan terms.
Are there Illinois specific rules for FHA loan inspections?
Yes Illinois requires FHA appraisers to check for lead based paint hazards in homes built before 1978. The inspection must also verify that the property meets local building codes. These rules help protect buyers in Lansing.