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 11 fha loan specialists in New Albany, 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.
Kentuckiana Mortgage Group Inc.
401 E Main St, New Albany, IN 47150
8127250017
Companion Home Loans
4206 Charlestown Rd, New Albany, IN 47150
8122260560
Clear To Close Mortgage
1620 E Market St, New Albany, IN 47150
5025993160
with Daniel
222 Pearl St Suite 104, New Albany, IN 47150
8124063712
Bryan Fuller at Prosperity Home Mortgage - New Albany
3707 Charlestown Rd #A1, New Albany, IN 47150
5023946115
Kimberly Melton
3125 Blackiston Mill Rd, New Albany, IN 47150
5025419890
Kim Melton, Ruoff Mortgage
3125 Blackiston Mill Rd, New Albany, IN 47150
5025419890
Strategic Mortgage, LLC
4802 Charlestown Rd, New Albany, IN 47150
8129899358
Sean Clemons with Kentuckiana Mortgage Group
401 E Main St Suite 100, New Albany, IN 47150
5025411515
Karissa Espinosa, Mortgage Lender with Stock Yards Bank & Trust
2860 Charlestown Rd, New Albany, IN 47150
5022592528
Movement Mortgage
215 W Spring St, New Albany, IN 47150
8773141517
What Does a FHA Loan Specialist in New Albany Cost?
Typical costs for an FHA loan specialist in Indiana include an origination fee of 1% to 1.5% of the loan amount, plus an upfront mortgage insurance premium of 1.75% of the loan. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Closing costs in New Albany generally total 2% to 5% of the purchase price. 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 New Albany do?
An FHA loan specialist guides you through the FHA loan process, from pre-approval to closing. They help you understand FHA requirements, such as the 3.5% minimum down payment and the 580 minimum credit score. In Indiana, they also ensure your loan meets state-specific property and appraisal standards.
What are the FHA loan limits for New Albany, Indiana?
For 2024, the FHA loan limit for a single-family home in Floyd County, including New Albany, is $498,257. This limit applies to standard FHA loans and may be higher for duplexes or triplexes. Your specialist can confirm the exact limit based on current HUD guidelines.
How do I choose an FHA loan specialist in New Albany?
Look for a specialist who is licensed in Indiana and has experience with FHA loans in the New Albany area. You can verify their license through the Nationwide Mortgage Licensing System. Ask about their familiarity with local appraisers and Indiana property laws.