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 Texas before hiring.
Showing 7 fha loan specialists in Mercedes, 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.
ACE Cash Express
162 N Texas Ave, Mercedes, TX 78570
9565652008
Sun Loan Company
302 N Texas Ave Ste D, Mercedes, TX 78570
9565651698
World Finance
109 S Texas Ave, Mercedes, TX 78570
9565141150
Security Finance
326 S Texas Ave Suite 1, Mercedes, TX 78570
9565149441
Western Finance
928 W 2nd St, Mercedes, TX 78570
9565140292
Texan Credit Corporation
107 S Texas Ave, Mercedes, TX 78570
9568257000
Mortgage lender Mercedes TX
425 W 2nd St, Mercedes, TX 78570
9566259121
What Does a FHA Loan Specialist in Mercedes Cost?
Typical costs for an FHA loan specialist in Texas include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 to 0.85 percent. Closing costs in Mercedes usually range from 2 to 5 percent of the purchase price. Lender fees vary, so compare quotes from multiple specialists. 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 is needed for an FHA loan in Mercedes Texas?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify with a 10 percent down payment. Each lender may set its own credit requirements above the FHA minimum.
Are there income limits for FHA loans in Mercedes Texas?
FHA loans do not have specific income limits for borrowers in Mercedes. However, the loan amount cannot exceed the FHA county loan limit for Hidalgo County, which is updated annually. Your debt-to-income ratio must also meet lender guidelines.
What documents do I need to apply for an FHA loan in Mercedes?
You typically need pay stubs from the last 30 days, two years of W-2s or tax returns, bank statements for the last two months, and a valid government ID. Self-employed borrowers may need additional profit and loss statements.