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Find FHA Loan Specialists Near You in Oak Park, IL
Directory of fha loan specialists in Oak Park, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
5 agents listed
Updated May 2026
Oak Park, 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 5 fha loan specialists in Oak Park, 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.
Jody Gerut: Prosperity Home Mortgage
101 N Oak Park Ave, Oak Park, IL 60301
6303022700
Olympus Mortgage, Inc.
1144 Lake St Suite 208, Oak Park, IL 60301
7735907336
Mortgage Resource Group Inc
6821 W North Ave Suite 201, Oak Park, IL 60302
7084525151
JuWaun Hampton - Chase Home Lending Advisor - NMLS ID 2282807
1048 Lake St, Oak Park, IL 60301
7085801078
Chase Home Lending
1048 Lake St, Oak Park, IL 60301
7085801078
An FHA loan specialist in Oak Park, Illinois can guide you through the process of obtaining a mortgage insured by the Federal Housing Administration. These loans are popular for first-time homebuyers and those with lower credit scores. In Illinois, FHA loans must comply with state-specific property condition and appraisal standards, including those for lead-based paint in homes built before 1978.
What Does a FHA Loan Specialist in Oak Park Cost?
Typical costs for an FHA loan in Illinois include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual mortgage insurance premium (MIP) ranging from 0.45% to 1.05% of the loan balance. Closing costs generally range from 2% to 5% of the purchase price. These costs vary by lender and borrower circumstances. 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 Oak Park?
An FHA loan specialist helps borrowers understand FHA loan requirements, pre-qualify, and submit applications. They also coordinate with lenders, appraisers, and real estate agents to ensure the loan meets FHA and Illinois regulations.
What are the FHA loan limits for Oak Park, Illinois?
For 2024, the FHA loan limit for a single-family home in Cook County, which includes Oak Park, is $498,257. This limit applies to standard FHA loans and may be higher for high-cost areas.
Are there specific Illinois laws that affect FHA loans?
Yes, Illinois requires FHA loans to meet state-specific property disclosure laws, including the Residential Real Property Disclosure Act. Sellers must disclose known defects, and lenders must ensure the property meets FHA minimum property standards.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.