Find FHA Loan Specialists Near You in Columbia, MO
Directory of fha loan specialists in Columbia, Missouri. 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 Missouri before hiring.
Showing 19 fha loan specialists in Columbia, 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 Columbia Cost?
Typical costs for an FHA loan specialist in Columbia Missouri include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 percent to 0.85 percent. Closing costs usually range from 2 to 5 percent of the purchase price. Lender fees may vary from 500 to 1,500 dollars. 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 are the credit score requirements for an FHA loan in Columbia Missouri?
For an FHA loan in Columbia, you typically need a credit score of at least 580 to qualify for the 3.5 percent down payment option. Borrowers with scores between 500 and 579 may still qualify but must put down 10 percent. These requirements follow HUD guidelines and apply nationwide including Missouri.
How long does it take to close an FHA loan in Missouri?
Closing an FHA loan in Missouri usually takes 30 to 45 days from application to final approval. The timeline can vary based on the lender's workload, property appraisal, and any required repairs. Missouri law does not impose a specific state timeline, but federal guidelines set the overall process.
Are there any Missouri specific FHA loan limits for Columbia?
Yes, FHA loan limits for Columbia Missouri are set by the Department of Housing and Urban Development based on median home prices. For 2024, the standard FHA loan limit for a single family home in Boone County is $498,257. Higher limits apply for multi unit properties.