Compare FHA Loan Specialists in Cleveland, TN
Browse fha loan specialists serving Cleveland, Tennessee. Contact information and addresses listed below.
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 Tennessee before hiring.
Showing 17 fha loan specialists in Cleveland, TN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Cleveland Tennessee helps homebuyers secure government backed mortgages with lower down payments. Tennessee law requires all mortgage loan originators to be licensed through the Tennessee Department of Financial Institutions. Local specialists understand Bradley County property values and can guide you through the FHA appraisal process specific to this area.
What Does a FHA Loan Specialist in Cleveland Cost?
Typical costs for an FHA loan in Tennessee include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs in Cleveland usually range from 2 percent to 5 percent of the purchase price. Lender fees vary but often include an origination fee of 1 percent. 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 FHA loan requirements in Cleveland Tennessee?
FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580. The property must meet FHA appraisal standards and be your primary residence. Tennessee does not have state specific FHA rules beyond federal guidelines.
How do I find a licensed FHA loan specialist in Cleveland?
You can verify a loan specialists license through the Nationwide Multistate Licensing System NMLS. Tennessee requires all mortgage originators to hold an active license. Local banks and credit unions in Cleveland often employ FHA certified specialists.
What is the FHA loan limit for Bradley County Tennessee?
For 2024 the FHA loan limit for a single family home in Bradley County is typically around $498,257. This amount can change annually based on the Department of Housing and Urban Development HUD guidelines. A specialist can confirm the current limit for your specific loan type.