Find FHA Loan Specialists Near You in Marion, IN
Browse fha loan specialists serving Marion, Indiana. Contact information and addresses listed below.
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 2 fha loan specialists in Marion, IN
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What Does a FHA Loan Specialist in Marion Cost?
Typical costs for an FHA loan in Indiana include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount, which can be financed into the loan. Annual mortgage insurance premiums (MIP) range from 0.45 to 1.05 percent of the loan balance. Closing costs in Indiana generally range from 2 to 5 percent of the purchase price, including appraisal fees, title insurance, and lender fees. 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 Marion Indiana in 2025?
For 2025, the FHA loan limit for a single-family home in Grant County is $498,257. This limit applies to most areas in Indiana and may be higher for multi-unit properties. A local specialist can confirm the exact limit for your situation.
What credit score is needed for an FHA loan in Marion Indiana?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Indiana lenders may have their own overlays requiring higher scores.
How long does FHA loan approval take in Marion Indiana?
FHA loan approval in Marion usually takes 30 to 45 days from application to closing. Indiana law requires a 7-day right of rescission for refinances. Delays can occur if additional documentation is needed or if the property requires repairs.