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Looking for a fha loan specialist in Palos Heights? Review the directory below to compare your options.
8 agents listed
Updated May 2026
Palos Heights, 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 8 fha loan specialists in Palos Heights, 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.
An FHA loan specialist in Palos Heights, Illinois helps borrowers secure government-backed mortgages with lower down payments. Illinois law requires all mortgage loan originators to be licensed through the Illinois Department of Financial and Professional Regulation. Palos Heights residents often use FHA loans for home purchases or refinancing in Cook County.
What Does a FHA Loan Specialist in Palos Heights Cost?
Typical costs for an FHA loan specialist in Illinois include an origination fee of 1 percent of the loan amount, plus an upfront mortgage insurance premium of 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Appraisal fees in Palos Heights are usually $500 to $700. Closing costs generally total 2 to 5 percent of the loan amount. 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 are the FHA loan limits for Palos Heights Illinois?
FHA loan limits for Palos Heights in Cook County are set by HUD and typically range from $498,257 for a single-family home to higher amounts for multi-unit properties. These limits are updated annually and apply to all FHA loans in the area.
What credit score is needed for an FHA loan in Illinois?
Most FHA lenders in Illinois require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify with a 10 percent down payment. Each lender may have its own overlay requirements.
How long does an FHA loan closing take in Palos Heights?
A typical FHA loan closing in Palos Heights takes 30 to 45 days from application to closing. Illinois law requires specific disclosures and a three-day waiting period after the Closing Disclosure is provided. Delays can occur due to appraisal or underwriting issues.
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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.