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 Iowa before hiring.
Showing 5 fha loan specialists in Indianola, IA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Iowa Realty - Indianola
1501 N Jefferson Way #1483, Indianola, IA 50125
5159617416
Journey Mortgage LLC
2500 W 2nd Ave Ste 4, Indianola, IA 50125
5154164643
Gretchen Schrock - COUNTRY Financial Representative
214 W Salem Ave, Indianola, IA 50125
5152237837
Linda Frazier at Rate (NMLS #657492)
113 E Salem Ave Suite 103, Indianola, IA 50125
5153485996
Edward Jones - Financial Advisor: Grant P McGraw, AAMS®
115 N Buxton St, Indianola, IA 50125
5159622704
What Does a FHA Loan Specialist in Indianola Cost?
Typical costs for an FHA loan specialist in Iowa include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual mortgage insurance premiums ranging from 0.45 percent to 1.05 percent. Lender fees and origination charges vary but often range from 1,000 to 3,000 dollars. Closing costs in Iowa generally total 2 to 5 percent of the 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 does an FHA loan specialist in Indianola do?
An FHA loan specialist helps borrowers understand FHA loan requirements, pre-qualify for loans, and complete the application process. They work with lenders approved by the Federal Housing Administration to secure financing for homes in Indianola and surrounding areas.
What are the minimum credit score requirements for an FHA loan in Iowa?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but must make a 10 percent down payment. These requirements apply nationwide, including in Iowa.
Are there specific Iowa laws that affect FHA loans?
Iowa law requires all mortgage loan originators to hold a valid license from the Iowa Division of Banking. Additionally, Iowa has specific foreclosure procedures that may affect FHA loan terms. Local specialists in Indianola are familiar with these state regulations.