Find FHA Loan Specialists Near You in Kokomo, IN
Looking for a fha loan specialist in Kokomo? 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 17 fha loan specialists in Kokomo, 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 Kokomo Cost?
Typical costs for an FHA loan in Indiana include an upfront mortgage insurance premium of 1.75% of the loan amount, plus annual mortgage insurance premiums of 0.55% to 0.85% of the loan balance. Closing costs in Kokomo generally range from 2% to 5% of the purchase price. These costs vary based on loan size, credit score, and lender fees. 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 does an FHA loan specialist in Kokomo do?
An FHA loan specialist assists with FHA loan applications, pre-approvals, and closing processes. They explain program requirements such as the 3.5% minimum down payment and the upfront mortgage insurance premium. They also help borrowers understand Indiana property tax implications and local inspection standards.
What are the FHA loan limits for Kokomo Indiana?
For 2024, the FHA loan limit for a single-family home in Howard County is $498,257. This limit applies to most standard FHA loans in the Kokomo area. Borrowers should confirm current limits with a specialist as they may change annually.