Find FHA Loan Specialists Near You in Lafayette, IN
Directory of fha loan specialists in Lafayette, Indiana. Verify credentials with the state state mortgage licensing authority before hiring.
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 14 fha loan specialists in Lafayette, 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.
An FHA loan specialist in Lafayette Indiana helps homebuyers navigate Federal Housing Administration loans which are popular for first time buyers and those with lower credit scores. Indiana law requires all mortgage loan originators to be licensed through the Indiana Department of Financial Institutions. Working with a local specialist ensures you understand FHA property standards and Indiana specific closing procedures.
What Does a FHA Loan Specialist in Lafayette Cost?
Typical costs for an FHA loan in Indiana include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent depending on loan term and down payment. Closing costs in Lafayette usually range from 3 to 5 percent of the purchase price including appraisal fees title insurance and lender fees. 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 are the FHA loan requirements in Lafayette Indiana?
FHA loans require a minimum credit score of 580 for a 3.5 percent down payment or 500 with a 10 percent down payment. The property must meet FHA minimum property standards and be located in Tippecanoe County. Borrowers must also have a valid Social Security number and steady employment history.
How do I find a licensed FHA loan specialist in Lafayette?
You can search for licensed mortgage loan originators on the Nationwide Multistate Licensing System website. Look for specialists who have experience with FHA loans and are registered in Indiana. Local lenders in Lafayette often have teams focused on government backed loans.
What is the FHA loan limit for Lafayette Indiana in 2025?
For 2025 the FHA loan limit for a single family home in Tippecanoe County is 498,257 dollars. This limit applies to standard FHA loans and may be higher for duplexes or triplexes. Limits are set annually by the Department of Housing and Urban Development.