Find FHA Loan Specialists in Rapid City, SD
Compare fha loan specialists in Rapid City. Review contact information and insurance categorys before you decide.
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 Dakota before hiring.
Showing 20 fha loan specialists in Rapid City, SD
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An FHA loan specialist in Rapid City, South Dakota can help you navigate the Federal Housing Administration loan process. South Dakota law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System. Local specialists understand the unique housing market in the Black Hills area and can guide you through FHA requirements for properties in Pennington County.
What Does a FHA Loan Specialist in Rapid City Cost?
Typical costs for FHA loan specialist services in South Dakota include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Third-party costs such as appraisal and title fees vary by lender and property. 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 Rapid City?
An FHA loan specialist helps borrowers understand FHA loan requirements and guides them through the application process. They review credit scores, debt-to-income ratios, and property eligibility for homes in Rapid City and surrounding areas.
What are the FHA loan limits for Rapid City South Dakota?
FHA loan limits for Rapid City are set by the Department of Housing and Urban Development and vary by county. For 2024 the single-family home limit in Pennington County is typically around $498,257. A specialist can confirm the current limit for your specific situation.
FHA Loan Specialists in Other South Dakota Cities
Aberdeen · Brookings · Sioux Falls · Watertown