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 Indiana before hiring.
Showing 5 fha loan specialists in Hammond, 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.
Advance America
1301 E 165th St, Hammond, IN 46320
2199333067
Check Into Cash
1812 E 165th St STE A, Hammond, IN 46320
2198442667
Fifth Third Mortgage - Cynthia McDowell
1716 E 165th St, Hammond, IN 46320
7737427875
Chase Home Lending
4204 Calumet Ave, Hammond, IN 46320
3143031897
Chase Home Lending
2734 169th St, Hammond, IN 46323
8595593039
What Does a FHA Loan Specialist in Hammond Cost?
Typical costs for an FHA loan in Indiana include an upfront mortgage insurance premium of 1.75 percent of the loan amount, which can be financed into the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Hammond usually range from 2 to 5 percent of the purchase price. These costs vary by lender and loan amount. 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 are the FHA loan limits for Hammond Indiana in 2025?
For 2025, the FHA loan limit for a single-family home in Lake County Indiana is $498,257. This limit applies to most areas and is set by the Department of Housing and Urban Development. Higher limits may apply for duplexes or larger properties.
Do I need an appraisal for an FHA loan in Indiana?
Yes, an FHA-approved appraiser must inspect the property. The appraisal checks for safety, security, and soundness. In Indiana, the appraiser also verifies that the home meets local building codes and minimum property standards.
What is the minimum down payment for an FHA loan in Indiana?
The minimum down payment for an FHA loan in Indiana is 3.5 percent of the purchase price if your credit score is 580 or higher. If your score is between 500 and 579, you may need a 10 percent down payment. These rules are set by HUD and apply nationwide including Indiana.