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Find FHA Loan Specialists in Round Lake Beach, IL

Compare fha loan specialists in Round Lake Beach. Review contact information and insurance categorys before you decide.

3 agents listed
Updated May 2026
Round Lake Beach, 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 3 fha loan specialists in Round Lake Beach, 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.
Fifth Third Mortgage - Estevan Salinas
454 E Rollins Rd, Round Lake Beach, IL 60073
2243763993
Chase Home Lending
2100 N Illinois 83, Round Lake Beach, IL 60073
7404850954
Wintrust Mortgage
10 E Rollins Rd, Round Lake Beach, IL 60073
8475461600

An FHA loan specialist in Round Lake Beach, Illinois can help you navigate the process of obtaining a Federal Housing Administration insured mortgage. These loans are popular for first time home buyers and those with lower credit scores. Illinois law requires all mortgage loan originators to be licensed through the Illinois Department of Financial and Professional Regulation.

What Does a FHA Loan Specialist in Round Lake Beach Cost?

FHA loan specialist fees in Illinois typically range from 1 to 2 percent of the loan amount. This includes origination fees, processing fees, and underwriting costs. Borrowers also pay an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual MIP. 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 do in Round Lake Beach?
An FHA loan specialist guides you through the FHA loan application process. They help you understand credit requirements, down payment options, and property eligibility. They also ensure your loan meets all FHA and Illinois lending standards.
What are the FHA loan requirements in Illinois?
FHA loans 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 also requires a property appraisal by an FHA approved appraiser.
How long does an FHA loan process take in Illinois?
The FHA loan process typically takes 30 to 45 days from application to closing. Illinois law requires lenders to provide a Loan Estimate within three business days of application. Delays can occur if additional documentation is needed.