Find FHA Loan Specialists in Merrillville, IN
Browse fha loan specialists serving Merrillville, 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 10 fha loan specialists in Merrillville, 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 Merrillville 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. Closing costs in Merrillville generally range from 2 to 5 percent of the purchase price, including appraisal fees of $500 to $700 and title insurance of $1,000 to $2,000. Lender origination fees vary by company. 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 credit score do I need for an FHA loan in Merrillville?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Indiana lenders follow standard FHA underwriting guidelines.
Are FHA loans only for first-time homebuyers in Indiana?
No, FHA loans are available to repeat buyers as well. There is no Indiana law restricting FHA loans to first-time buyers. However, you must occupy the property as your primary residence.
What are the FHA loan limits for Merrillville Indiana?
For 2025, the FHA loan limit for a single-family home in Lake County Indiana is $498,257. This limit is set by HUD and applies to all FHA loans in the county. Higher limits apply for multi-unit properties.