Compare FHA Loan Specialists in Cape Girardeau, MO
Browse fha loan specialists serving Cape Girardeau, Missouri. 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 Missouri before hiring.
Showing 17 fha loan specialists in Cape Girardeau, MO
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a FHA Loan Specialist in Cape Girardeau Cost?
FHA loan specialist fees in Missouri typically range from 0.5 percent to 1.5 percent of the loan amount, though some specialists may charge a flat fee between 500 and 2,000 dollars. You may also pay for an FHA appraisal, which costs 400 to 700 dollars in Cape Girardeau. Additional costs include the upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount and annual mortgage insurance premiums (MIP). 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 do in Cape Girardeau?
An FHA loan specialist helps you understand FHA loan requirements, pre-qualify for a loan, and complete the application process. They also advise on down payment assistance programs available in Missouri, such as the Missouri Housing Development Commission (MHDC) programs.
What are the basic FHA loan requirements in Missouri?
FHA loans require a minimum down payment of 3.5 percent for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. The property must meet FHA appraisal standards and be your primary residence.