Find FHA Loan Specialists in Grapevine, TX
Browse fha loan specialists serving Grapevine, 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 13 fha loan specialists in Grapevine, TX
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An FHA loan specialist in Grapevine Texas helps homebuyers navigate government-backed mortgages with lower down payments and flexible credit requirements. Texas law requires FHA loan originators to hold a valid state license through the Texas Department of Savings and Mortgage Lending. Grapevine residents benefit from specialists familiar with local property values and Tarrant County appraisal districts.
What Does a FHA Loan Specialist in Grapevine Cost?
FHA loan specialist fees in Texas generally include an origination fee of 1 percent of the loan amount plus third-party costs for appraisal and credit report. Upfront mortgage insurance premium is 1.75 percent of the loan amount and annual MIP ranges from 0.45 to 1.05 percent. Total closing costs in Grapevine typically range from 3,000 to 8,000 dollars but vary by property and lender. 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 credit score do I need for an FHA loan in Grapevine Texas?
FHA loans 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 set higher standards.
Are there Texas-specific FHA loan limits for Grapevine?
Yes FHA loan limits vary by county. For Tarrant County in 2024 the floor limit for a single-family home is 498,257 dollars. Higher limits apply for multi-unit properties. Check the HUD website for current figures.
How long does FHA loan approval take in Texas?
The typical FHA loan process in Texas takes 30 to 45 days from application to closing. Texas law requires a 3-day rescission period after signing loan documents. Delays may occur due to appraisal or underwriting issues.