Find FHA Loan Specialists Near You in Opelousas, LA
Directory of fha loan specialists in Opelousas, Louisiana. Verify credentials with the state state mortgage licensing authority before hiring.
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 Louisiana before hiring.
Showing 16 fha loan specialists in Opelousas, LA
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FHA loan specialists in Opelousas help home buyers and homeowners navigate FHA insured mortgages. These loans are popular in Louisiana due to lower down payment requirements and flexible credit rules. Specialists can guide you through Louisiana specific property standards and closing procedures.
What Does a FHA Loan Specialist in Opelousas Cost?
Typical costs for an FHA loan specialist in Louisiana include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs generally range from 3 to 5 percent of the purchase price. These costs vary by lender and property. 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 do I need for an FHA loan in Opelousas?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may have its own requirements above the FHA minimum.
Are there income limits for FHA loans in Louisiana?
FHA loans do not have strict income limits, but you must show stable employment and enough income to cover the mortgage payment. Louisiana lenders will review your debt to income ratio, which typically cannot exceed 43 percent.
What is the FHA loan limit for St. Landry Parish in 2024?
For 2024, the FHA loan limit for a single family home in St. Landry Parish is 498,257 dollars. This amount is set by the Department of Housing and Urban Development and may change each year.