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 12 fha loan specialists in Park Ridge, 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.
iBanc Mortgage Services, LLC
127 N Northwest Hwy, Park Ridge, IL 60068
3128787994
Loan Spot Inc
11 N Northwest Hwy Suite 113, Park Ridge, IL 60068
7738168825
Kenny Idstein | loanDepot Loan Officer NMLS 207329
807 Devon Ave, Park Ridge, IL 60068
8477384893
loanDepot
807 Devon Ave, Park Ridge, IL 60068
7083723980
Michelle Aponte Boksa, Mortgage Professional
700 Busse Hwy Suite 11, Park Ridge, IL 60068
7738584102
Shannon Serr - loanDepot
807 Devon Ave, Park Ridge, IL 60068
8157916351
Dan Werdell at Rate (NMLS #274859)
506 W Higgins Rd, Park Ridge, IL 60068
8472322723
Yale Valdez at Rate (NMLS #194161)
506 W Higgins Rd, Park Ridge, IL 60068
7732505917
Elite Financing Inc
710 W Higgins Rd #104, Park Ridge, IL 60068
8472926040
Rate
506 W Higgins Rd, Park Ridge, IL 60068
8472322700
Linda DeRoeck at Rate (NMLS #224950)
506 W Higgins Rd, Park Ridge, IL 60068
8472322714
Happy Residential Mortgage LLC
1580 N Northwest Hwy #320, Park Ridge, IL 60068
3126785271
What Does a FHA Loan Specialist in Park Ridge Cost?
Typical costs for an FHA loan specialist in Illinois include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Park Ridge often total 3 to 5 percent of the home price. 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 does an FHA loan specialist do in Park Ridge?
An FHA loan specialist guides borrowers through the FHA loan process including pre-approval, document collection, and appraisal coordination. They ensure the loan meets FHA guidelines and Illinois state regulations for property condition and occupancy.
What are the credit score requirements for an FHA loan in Illinois?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Illinois law does not add extra credit requirements beyond FHA standards.