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Looking for a fha loan specialist in Morton Grove? Review the directory below to compare your options.
4 agents listed
Updated May 2026
Morton Grove, 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 4 fha loan specialists in Morton Grove, IL
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An FHA loan specialist in Morton Grove, Illinois helps homebuyers navigate Federal Housing Administration loans. These loans often require lower down payments and are popular in the Chicago area. Illinois law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS).
What Does a FHA Loan Specialist in Morton Grove Cost?
FHA loan specialist fees in Illinois typically range from 1 to 2 percent of the loan amount, though some charge a flat fee between $500 and $1,500. Additional costs include the FHA upfront mortgage insurance premium (MIP) of 1.75 percent of the loan amount and annual MIP of 0.55 to 0.85 percent. Costs vary by lender and loan size. This is general information, 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 Morton Grove do?
An FHA loan specialist guides you through the FHA loan process, from pre approval to closing. They help you understand credit score requirements and down payment options. In Illinois, specialists must follow state lending regulations and provide clear loan estimates.
What are the FHA loan limits for Morton Grove in 2025?
For 2025, FHA loan limits in Cook County, including Morton Grove, are set at $498,257 for a single family home. These limits are updated annually by the Department of Housing and Urban Development (HUD) based on median home prices.
Do I need a certain credit score for an FHA loan in Illinois?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. With a score between 500 and 579, you may still qualify with a 10 percent down payment. Illinois lenders may have their own overlays beyond FHA minimums.
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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.