Find FHA Loan Specialists in Edinburg, TX
Browse fha loan specialists serving Edinburg, Texas. 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 Texas before hiring.
Showing 20 fha loan specialists in Edinburg, TX
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FHA loan specialists in Edinburg, Texas help homebuyers secure government-backed mortgages with lower down payments and flexible credit requirements. Texas law requires FHA loans to comply with state-specific property tax and insurance escrow rules. Local specialists understand the Hidalgo County housing market and can guide borrowers through the FHA appraisal and underwriting process.
What Does a FHA Loan Specialist in Edinburg Cost?
Typical costs for an FHA loan in Edinburg, Texas include an upfront mortgage insurance premium of 1.75% of the loan amount, plus annual mortgage insurance premiums ranging from 0.45% to 1.05% of the loan balance. Closing costs generally range from 3% to 6% of the purchase price, including appraisal fees of $500 to $700 and title fees of $1,500 to $2,500. These costs vary by lender, loan amount, 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 are the FHA loan limits for Edinburg, Texas?
For 2024, the FHA loan limit for a single-family home in Hidalgo County is $498,257. This limit applies to most areas in Edinburg and may vary for duplexes or larger properties. Borrowers should confirm current limits with their lender.
What credit score is needed for an FHA loan in Texas?
FHA loans generally require a minimum credit score of 580 for a 3.5% down payment. Borrowers with scores between 500 and 579 may qualify with a 10% down payment. Texas lenders may have overlays requiring higher scores.
Are there Texas-specific rules for FHA loan closing costs?
Yes, Texas law limits certain closing costs and requires itemized disclosures. FHA loans in Texas also require a one-time upfront mortgage insurance premium of 1.75% of the loan amount. Annual mortgage insurance premiums vary based on loan term and down payment.