Compare FHA Loan Specialists in DeSoto, TX
Looking for a fha loan specialist in DeSoto? Review the directory below to compare your options.
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 5 fha loan specialists in DeSoto, 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 DeSoto, Texas can help you navigate the Federal Housing Administration loan process. These loans are popular in the Dallas-Fort Worth metroplex due to lower down payment requirements and flexible credit guidelines. Texas law requires all mortgage loan originators to be licensed through the Texas Department of Savings and Mortgage Lending, ensuring a standard of professionalism.
What Does a FHA Loan Specialist in DeSoto Cost?
Typical costs for an FHA loan specialist in Texas include an origination fee of 1 to 2 percent of the loan amount. Upfront mortgage insurance premium (UFMIP) is 1.75 percent of the loan, and annual mortgage insurance premiums range from 0.45 to 1.05 percent. Closing costs in DeSoto average 3 to 5 percent of the purchase price. 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 does an FHA loan specialist do in DeSoto?
An FHA loan specialist guides borrowers through the FHA loan application process. They help with credit requirements, property eligibility, and documentation specific to Texas. They also ensure the loan meets FHA guidelines and local property standards.
What are the credit score requirements for an FHA loan in Texas?
FHA loans in Texas typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may have additional requirements.