Compare FHA Loan Specialists in Addison, TX
Directory of fha loan specialists in Addison, Texas. 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 Texas before hiring.
Showing 12 fha loan specialists in Addison, TX
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 Addison Texas can guide you through the process of obtaining a government-backed mortgage insured by the Federal Housing Administration. Texas law requires all mortgage loan originators to be licensed through the Texas Department of Savings and Mortgage Lending. These specialists help buyers with lower credit scores or smaller down payments qualify for home financing in the Dallas-Fort Worth area.
What Does a FHA Loan Specialist in Addison Cost?
Typical costs for an FHA loan in Texas include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs in Addison generally range from 2 to 5 percent of the purchase price. Lender fees may vary between 500 and 1,500 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 does an FHA loan specialist in Addison do?
An FHA loan specialist helps you complete the application for an FHA-insured mortgage. They review your credit history, income, and debt levels to determine eligibility. They also explain Texas-specific requirements such as property tax prorations and homestead exemptions.
What are the FHA loan limits for Addison Texas?
For 2025, the FHA loan limit for a single-family home in Collin County, which includes Addison, is $498,257 for a standard loan. Higher limits apply for duplexes, triplexes, and fourplexes. These limits are set by the Department of Housing and Urban Development and may change annually.
Do I need a special license to work as an FHA loan specialist in Texas?
Yes. In Texas, all mortgage loan originators must hold a valid license from the Texas Department of Savings and Mortgage Lending. They must also complete pre-licensing education and pass a national exam. You can verify a loan originators license through the Nationwide Multistate Licensing System.