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Looking for a fha loan specialist in Morris? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Morris, IL
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 3 fha loan specialists in Morris, 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.
Guaranteed Rate
223 Liberty St First Floor, Morris, IL 60450
8155854211
Matt Mallon at Rate (NMLS #463018)
223 Liberty St First Floor, Morris, IL 60450
8155854211
Chase Home Lending
1925 N Division St, Morris, IL 60450
6262336277
FHA loan specialists in Morris, Illinois help borrowers secure government-backed mortgages with lower down payments and flexible credit requirements. Illinois law requires all mortgage loan originators to be licensed through the Illinois Department of Financial and Professional Regulation. Local specialists understand Grundy County property values and can guide you through FHA appraisal and underwriting rules.
What Does a FHA Loan Specialist in Morris Cost?
Typical costs for an FHA loan in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 percent to 0.85 percent depending on loan term and down payment. Closing costs in Morris generally range from 2 to 5 percent of the purchase price. Lender origination fees vary but often fall between 0.5 and 1.5 percent of the loan. 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 is needed for an FHA loan in Morris Illinois?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but need a 10 percent down payment. Illinois lenders may have overlays requiring higher scores.
Are FHA loans only for first time home buyers in Illinois?
No, FHA loans are available to any qualified borrower, including repeat buyers. However, you must occupy the property as your primary residence. There is no first time buyer restriction under Illinois or federal FHA rules.
What is the FHA loan limit for Grundy County Illinois in 2025?
For 2025, the FHA loan limit for a single family home in Grundy County is $498,257. Higher limits apply for duplexes, triplexes, and four unit properties. These limits are set by HUD and updated annually.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Illinois.