Skip to main content

Find FHA Loan Specialists Near You in Mt Prospect, IL

Directory of fha loan specialists in Mt Prospect, Illinois. Verify credentials with the state mortgage licensing authority before hiring.

6 agents listed
Updated May 2026
Mt Prospect, 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 6 fha loan specialists in Mt Prospect, 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.
J C Financial
1190 Elmhurst Rd # 202, Mt Prospect, IL 60056
8478065005
Tory Tarsitano at Crosscountry Mortgage
701 W Golf Rd #1, Mt Prospect, IL 60056
7734302400
Lincolnwood Mortgage Services Inc
832 E Rand Rd STE 16, Mt Prospect, IL 60056
8476741600
Mortgage Marketplace
510 W Northwest Hwy, Mt Prospect, IL 60056
8477374747
Millennium Mortgage Services
411 E Business Center Dr # 116, Mt Prospect, IL 60056
8478139693
David Winfrey - Chase Home Lending Advisor - NMLS ID 20253
2 W Northwest Hwy, Mt Prospect, IL 60056
8477701484

An FHA loan specialist in Mt Prospect, Illinois helps home buyers and homeowners navigate FHA-insured mortgages. These loans are popular in Illinois due to lower down payment requirements and flexible credit guidelines. Local specialists understand Cook County property values and Illinois-specific closing procedures.

What Does a FHA Loan Specialist in Mt Prospect Cost?

Typical costs for an FHA loan in Illinois include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55% to 0.85%. Closing costs in Mt Prospect generally range from 2% to 5% of the purchase price. Lender fees, appraisal fees ($400-$700), and title insurance ($1,000-$2,500) also apply. 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 do in Mt Prospect?
An FHA loan specialist guides borrowers through the FHA loan process, from pre-approval to closing. They help with documentation, credit issues, and property eligibility. In Illinois, specialists also ensure compliance with state-specific disclosure laws.
What are the FHA loan limits for Mt Prospect Illinois?
For 2025, the FHA loan limit for a single-family home in Cook County, including Mt Prospect, is $498,257 for low-cost areas and up to $1,149,825 for high-cost areas. Limits are updated annually by HUD.