Find FHA Loan Specialists Near You in Millington, TN
Compare fha loan specialists in Millington. 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 Tennessee before hiring.
Showing 10 fha loan specialists in Millington, 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.
FHA loan specialists in Millington Tennessee help homebuyers secure government backed loans with lower down payments. Tennessee law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System. Local specialists understand the Millington real estate market and can guide borrowers through FHA appraisal and underwriting rules.
What Does a FHA Loan Specialist in Millington Cost?
Typical costs for FHA loan specialist services in Tennessee include an origination fee of 0.5 to 1.0 percent of the loan amount. Appraisal fees range from 500 to 700 dollars and credit report fees are about 30 to 50 dollars. Closing costs generally total 2 to 5 percent of the purchase price. 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 limits for Millington Tennessee in 2025?
For 2025 the FHA loan limit for a single family home in Shelby County including Millington is 498257 dollars. This limit applies to most areas in Tennessee and may vary for duplexes triplexes and fourplexes.
What is the minimum down payment for an FHA loan in Tennessee?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. Borrowers with credit scores between 500 and 579 may qualify with a 10 percent down payment. Tennessee does not have additional state down payment requirements.
Do FHA loans require mortgage insurance in Tennessee?
Yes all FHA loans require both an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium. The annual premium ranges from 0.45 to 1.05 percent depending on loan term and loan to value ratio. This insurance is required for the life of the loan if your down payment is less than 10 percent.