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Showing 2 fha loan specialists in Tecumseh, OK
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First United Bank - Tecumseh
301 N Broadway St, Tecumseh, OK 74873
(405) 598-6521
firstunitedbank.com
What Does a FHA Loan Specialist in Tecumseh Cost?
Typical costs for an FHA loan specialist in Oklahoma include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Appraisal fees in Tecumseh usually cost between 400 and 700 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 basic FHA loan requirements in Tecumseh Oklahoma?
Borrowers need a minimum credit score of 580 for a 3.5 percent down payment. A score between 500 and 579 may qualify with a 10 percent down payment. The property must meet FHA appraisal standards and be your primary residence.
How do I find a licensed FHA loan specialist in Tecumseh?
You can search the Nationwide Multistate Licensing System database for mortgage loan originators in Oklahoma. Local banks and credit unions in Pottawatomie County often employ FHA specialists. Ask for proof of their Oklahoma license before starting the application process.