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Showing 5 fha loan specialists in Sycamore, 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.
Source One Mortgage Inc
207 W State St Unit B, Sycamore, IL 60178
8158995626
Old Second National Bank
1810 DeKalb Ave, Sycamore, IL 60178
8778660202
Todd Madden Source 1 Mortgage
1430 DeKalb Ave, Sycamore, IL 60178
8153420355
Stephanie Baumbach - Old National Bank
230 W State St, Sycamore, IL 60178
8157126237
Chris Heyob - Mortgage Loan Officer
1810 DeKalb Ave, Sycamore, IL 60178
8158954498
What Does a FHA Loan Specialist in Sycamore Cost?
Typical costs for an FHA loan specialist in Illinois include an origination fee of 1% of the loan amount and third party fees for appraisal and credit report. Appraisal fees in Sycamore range from $500 to $700. Closing costs generally total 3% to 5% of the purchase 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 are the FHA loan limits for Sycamore Illinois in 2025?
For 2025, the FHA loan limit for a single-family home in DeKalb County is $498,257. This amount may change annually based on the median home price in the area.
Do FHA loans require mortgage insurance in Illinois?
Yes, all FHA loans require an upfront mortgage insurance premium of 1.75% of the loan amount. They also require an annual mortgage insurance premium that varies from 0.15% to 0.75% depending on the loan term and down payment.
What credit score is needed for an FHA loan in Sycamore?
The minimum credit score for an FHA loan is typically 580 with a 3.5% down payment. Borrowers with scores between 500 and 579 may still qualify but must put at least 10% down.