Compare FHA Loan Specialists in Grand Prairie, TX
Browse fha loan specialists serving Grand Prairie, 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 11 fha loan specialists in Grand Prairie, 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 Grand Prairie Texas helps home buyers and homeowners navigate FHA insured loans. These loans are popular in Texas due to lower down payment requirements and flexible credit guidelines. Specialists in Grand Prairie understand local property values and Texas specific regulations like the Texas Home Equity Law which limits cash out refinances to 80 percent loan to value.
What Does a FHA Loan Specialist in Grand Prairie 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 is 1.75 percent of the loan and annual MIP ranges from 0.45 to 1.05 percent. Closing costs in Grand Prairie usually total 3 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 is an FHA loan specialist in Grand Prairie?
An FHA loan specialist is a licensed mortgage professional who guides borrowers through the FHA loan process. They help with pre approval documentation and closing. In Texas specialists must hold a valid mortgage loan originator license through the Texas Department of Savings and Mortgage Lending.
What are the FHA loan requirements in Texas?
FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or higher. The property must meet FHA appraisal standards and be your primary residence. Texas law also requires a homestead affidavit for owner occupied properties.
How do I choose an FHA loan specialist in Grand Prairie?
Look for a specialist with a current Texas mortgage license and experience with FHA loans. Check their record with the Nationwide Multistate Licensing System. Ask about their familiarity with Grand Prairie area appraisals and local closing timelines.