Find FHA Loan Specialists Near You in St. Louis, MO
Directory of fha loan specialists in St. Louis, 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 20 fha loan specialists in St. Louis, MO
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An FHA loan specialist in St. Louis Missouri helps homebuyers navigate FHA insured mortgages which require lower down payments. Missouri law follows federal FHA guidelines but local property tax and insurance costs affect loan limits. Specialists can explain how St. Louis city and county differ in maximum loan amounts and closing cost rules.
What Does a FHA Loan Specialist in St. Louis Cost?
Typical costs for an FHA loan specialist in Missouri include an origination fee of 1 to 2 percent of the loan amount and a mortgage insurance premium of 1.75 percent upfront plus 0.55 percent annually. Appraisal fees in St. Louis range from $500 to $700. Closing costs total 3 to 5 percent of the loan amount. 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 does an FHA loan specialist do in St. Louis?
An FHA loan specialist guides borrowers through the FHA loan process including credit score requirements and down payment assistance programs. In Missouri they help with local lender options and property eligibility checks. They also explain Missouri specific rules like the state mortgage recording tax.
What are the minimum credit score and down payment for an FHA loan in Missouri?
FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. With a score between 500 and 579 a 10 percent down payment is needed. Missouri does not add state specific credit requirements beyond federal FHA rules.
Are there FHA loan limits for St. Louis Missouri in 2024?
Yes FHA loan limits vary by county. For 2024 the standard limit for a single family home in St. Louis County is typically around $498,257. St. Louis City has a similar limit but high cost areas may have higher caps. A specialist can confirm current limits for your specific property.