FHA Loan Specialists in La Feria, TX
Browse fha loan specialists serving La Feria, 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 2 fha loan specialists in La Feria, TX
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An FHA loan specialist in La Feria Texas can help you navigate the Federal Housing Administration loan process. These loans are popular in the Rio Grande Valley because they allow lower down payments and flexible credit requirements. Texas law requires all FHA loan originators to hold a valid state license under the Texas Finance Code.
What Does a FHA Loan Specialist in La Feria Cost?
FHA loan specialist fees in Texas typically range from 1,000 to 3,000 dollars for origination and processing. The upfront mortgage insurance premium is 1.75 percent of the loan amount. Annual mortgage insurance premiums vary from 0.15 to 0.75 percent of the loan balance. Closing costs in La Feria usually add 2 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 are the FHA loan requirements in La Feria Texas?
FHA loans require a minimum down payment of 3.5 percent and a credit score of at least 580. The property must meet HUD safety and livability standards. Borrowers must also have a valid Social Security number and lawful residency in the United States.
How do I find a qualified FHA loan specialist in La Feria?
You can search the Nationwide Mortgage Licensing System database for licensed loan originators in Texas. Local banks and credit unions in La Feria also employ FHA specialists. Always verify the loan officer license status before starting an application.
What is the maximum FHA loan limit for Hidalgo County Texas?
For 2024 the FHA loan limit for a single family home in Hidalgo County is 498,257 dollars. This limit can change each year based on median home prices. A specialist can confirm the exact amount for your specific situation.