FHA Loan Specialists in Richmond, IN
Browse fha loan specialists serving Richmond, 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 Richmond, 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 Richmond Indiana can help you secure a government-backed mortgage with a low down payment. Indiana law requires all loan originators to be licensed through the Indiana Department of Financial Institutions. These specialists guide you through FHA requirements including property condition standards and debt-to-income limits.
What Does a FHA Loan Specialist in Richmond Cost?
Typical costs for an FHA loan specialist in Richmond Indiana include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Lender fees range from 500 to 1,500 dollars. Closing costs usually total 3 to 5 percent of the loan amount. 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 credit score is needed for an FHA loan in Richmond Indiana?
Most FHA loans 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 guidelines set by the U.S. Department of Housing and Urban Development.
What are the FHA loan limits for Wayne County Indiana?
For 2025 the FHA loan limit for a single-family home in Wayne County is $498,257. This limit applies to Richmond and all other areas of the county. Higher limits apply for multi-unit properties.
Do I need a home inspection for an FHA loan in Indiana?
Yes an FHA appraisal is required and includes a property condition assessment. The appraiser checks for safety health and structural issues. Indiana law does not require a separate home inspection but it is recommended for buyer protection.