FHA Loan Specialists in Waukegan, IL — Compare & Find

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 State Mortgage Licensing Authority of Illinois before hiring.

Showing 7 fha loan specialists in Waukegan, 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.

Oportun

2000 W, 2000 Grand Ave, Waukegan, IL 60085

(224) 276-5291 oportun.com

Diamond Residential Mortgage Corporation

2001 N Green Bay Rd, Waukegan, IL 60087

(847) 672-9662 diamondresidential.com

Heights Finance

932 N Green Bay Rd, Waukegan, IL 60085

(847) 629-0000 heightsfinance.com

Tower Loan

466 N Green Bay Rd, Waukegan, IL 60085

(847) 782-8850 towerloan.com

Tammy Moore at Diamond Residential Mortgage Corporation

2001 N Green Bay Rd, Waukegan, IL 60087

(847) 672-9662 diamondresidential.com

Chase Home Lending

3950 Fountain Square Pl, Waukegan, IL 60085

(616) 214-0431 homelendingadvisor.chase.com

Mortgage, Bank of America

920 S Waukegan Rd, Waukegan, IL 60085

(312) 487-4136 bankofamerica.com

An FHA loan specialist in Waukegan Illinois can guide you through the process of obtaining a government backed mortgage. Illinois has specific rules regarding property taxes and closing costs that may affect your FHA loan. A specialist helps you understand these local factors and prepare your application.

What Does a FHA Loan Specialist in Waukegan 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 Illinois average 3 to 5 percent of the purchase price. 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 is the minimum down payment for an FHA loan in Waukegan?

The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. Illinois first time home buyer programs like the IHDA may also provide down payment assistance.

Are there property requirements for FHA loans in Waukegan?

Yes, FHA loans require an appraisal by an FHA approved appraiser to ensure the property meets minimum standards. In Illinois, homes must also pass a termite inspection and have no major health or safety hazards.

How long does an FHA loan approval take in Waukegan?

FHA loan approval typically takes 30 to 60 days from application to closing. Delays can occur if the appraisal finds issues or if additional documentation is needed from the borrower.

FHA Loan Specialists in Other Illinois Cities

Algonquin · Alton · Antioch · Arlington Heights · Aurora · Barrington · Bartlett · Batavia · Belleville · Berwyn · Bloomingdale · Bloomington · Bolingbrook · Bourbonnais · Bradley

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About Our Listings

Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Illinois.

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