Find FHA Loan Specialists in Longview, TX
Directory of fha loan specialists in Longview, Texas. Verify credentials with the state state mortgage licensing authority before hiring.
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 17 fha loan specialists in Longview, TX
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An FHA loan specialist in Longview Texas can help you navigate the process of obtaining a mortgage insured by the Federal Housing Administration. These loans are popular in East Texas 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 you work with a qualified professional.
What Does a FHA Loan Specialist in Longview Cost?
Typical costs for an FHA loan in Texas include an upfront mortgage insurance premium of 1.75% of the loan amount, which can be financed into the loan. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Closing costs in Longview generally range from 2% to 5% of the purchase price, including lender fees, title insurance, and appraisal fees. These costs vary by lender and loan specifics. 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 does an FHA loan specialist in Longview do?
An FHA loan specialist guides you through the FHA loan application process, from pre-approval to closing. They help you understand FHA requirements, such as the 3.5% minimum down payment and the upfront mortgage insurance premium. They also assist with local property appraisals and ensure compliance with Texas-specific lending laws.
What are the FHA loan limits for Longview Texas?
For 2024, the FHA loan limit for a single-family home in Gregg County, which includes Longview, is $498,257. This limit applies to standard FHA loans and may be higher for multi-unit properties. Your specialist can confirm the current limits for your specific situation.
How long does it take to close an FHA loan in Texas?
A typical FHA loan in Texas takes 30 to 45 days to close from the date of a fully executed purchase contract. This timeline can vary based on appraisal scheduling, underwriting review, and any required repairs. Texas law does not impose a specific statutory time limit for closing, but lenders must follow federal guidelines.