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Looking for a fha loan specialist in Vernon Hills? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Vernon Hills, 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 2 fha loan specialists in Vernon Hills, 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.
Mortgage, Bank of America
515 E Townline Rd, Vernon Hills, IL 60061
2245040150
BethAnn Ericson - Chase Home Lending Advisor - NMLS ID 612521
1840 N Milwaukee Ave, Vernon Hills, IL 60061
8475421800
An FHA loan specialist in Vernon Hills, Illinois can help homebuyers and homeowners navigate FHA-insured mortgages. These loans are popular in Lake County due to lower down payment requirements. 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 Vernon Hills Cost?
FHA loan specialist fees in Illinois typically range from 1% to 2% of the loan amount, though some charge a flat fee between $1,500 and $3,000. Borrowers also pay an upfront mortgage insurance premium of 1.75% of the loan amount and an annual premium of 0.55% to 1.05%. Closing costs in Lake County average 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 does an FHA loan specialist do in Vernon Hills?
An FHA loan specialist guides borrowers through the FHA loan process, including pre-approval, documentation, and closing. They help determine eligibility based on credit score and debt-to-income ratios. Specialists also explain Illinois-specific requirements such as property condition standards.
What are the FHA loan limits for Vernon Hills Illinois?
For 2024 the FHA loan limit for a single-family home in Lake County is $498,257. This amount is set by the Department of Housing and Urban Development and may change annually. Higher limits apply for multi-unit properties.
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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.