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Showing 2 fha loan specialists in Erlanger, KY
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Victory Mortgage
3940 Olympic Blvd Suite 110, Erlanger, KY 41018
8593447800
Colleen Parsons - Stockton Mortgage
520 Graves Ave Suite 205, Erlanger, KY 41018
8599922246
What Does a FHA Loan Specialist in Erlanger Cost?
Typical costs for an FHA loan in Kentucky 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. Closing costs in Erlanger generally range from 2 to 5 percent of the purchase price, including appraisal fees around $500 to $700 and title insurance. Costs vary by lender, loan amount, and borrower credit profile. 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 down payment requirements for an FHA loan in Erlanger?
FHA loans typically require a minimum down payment of 3.5 percent of the purchase price for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may need a 10 percent down payment. These requirements apply statewide in Kentucky.
Are there specific property requirements for FHA loans in Kentucky?
Yes, FHA loans require the property to meet minimum health and safety standards through an FHA-approved appraisal. In Kentucky, the property must also comply with local building codes in Erlanger and Kenton County. The appraisal ensures the home is safe, sound, and secure.