Compare FHA Loan Specialists in Evansville, IN
Looking for a fha loan specialist in Evansville? Review the directory below to compare your options.
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 Indiana before hiring.
Showing 18 fha loan specialists in Evansville, IN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a FHA Loan Specialist in Evansville Cost?
Typical costs for an FHA loan in Indiana include the upfront mortgage insurance premium of 1.75 percent of the loan amount. Closing costs generally range from 2 to 5 percent of the purchase price. Appraisal fees in Evansville average $500 to $700. Lender origination fees may be 1 percent of the loan amount. Borrowers also pay for title insurance recording fees and a credit report. This information is general 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 Evansville Indiana in 2025?
For 2025 the FHA loan limit for a single-family home in Vanderburgh County is $498,257. This amount applies to most standard FHA loans. Limits may be higher for duplexes triplexes and fourplexes.
What credit score is needed for an FHA loan in Evansville?
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. Each lender may set its own overlays so requirements can vary.
Do FHA loans require mortgage insurance in Indiana?
Yes all FHA loans require both an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium paid monthly. The annual premium rate depends on the loan term and loan-to-value ratio. This insurance protects the lender if the borrower defaults.