FHA Loan Specialists in Hilton Head Island, SC
Directory of fha loan specialists in Hilton Head Island, South Carolina. 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 South Carolina before hiring.
Showing 15 fha loan specialists in Hilton Head Island, SC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Hilton Head Island help buyers secure mortgages insured by the Federal Housing Administration. These loans are popular in the Lowcountry for first-time buyers and those with lower credit scores. South Carolina law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System.
What Does a FHA Loan Specialist in Hilton Head Island Cost?
Typical costs for an FHA loan specialist in South Carolina include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual MIP of 0.55 to 0.85 percent. Closing costs in Hilton Head Island range from 3000 to 5000 dollars but vary by lender and property. 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 credit score is needed for an FHA loan in Hilton Head Island?
The minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Some lenders may require a higher score based on their own guidelines. South Carolina does not have a state-specific minimum beyond the federal requirement.
Are FHA loan limits different in Hilton Head Island South Carolina?
Yes FHA loan limits vary by county. For Beaufort County which includes Hilton Head Island the 2024 limit for a single family home is 498257 dollars. Higher limits apply for duplexes triplexes and four unit properties.
What is the South Carolina time limit for FHA loan underwriting?
FHA loans typically require underwriting within 30 to 45 days from application. South Carolina law does not set a specific time limit but lenders must follow federal FHA guidelines. Delays can occur if additional documentation is needed.