Find FHA Loan Specialists Near You in Odessa, TX
Compare fha loan specialists in Odessa. Review contact information and insurance categorys before you decide.
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 Odessa, 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.
FHA loan specialists in Odessa Texas help homebuyers secure government-backed mortgages with lower down payments and flexible credit requirements. Odessa residents benefit from FHA loans that require a 3.5 percent down payment and allow seller concessions up to 6 percent of the purchase price. Texas law imposes specific homestead protections and property tax rules that affect FHA loan eligibility and closing costs in the Odessa area.
What Does a FHA Loan Specialist in Odessa Cost?
Typical costs for FHA loan services in Odessa Texas include an origination fee of 1 to 2 percent of the loan amount, appraisal fees of $500 to $700, and title insurance costs of $1,500 to $2,500. Closing costs generally range from 3 to 5 percent of the purchase price. Mortgage insurance premiums add 0.55 to 0.85 percent of the loan amount annually. This information is general 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 minimum credit score requirements for an FHA loan in Odessa Texas?
The standard minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Texas law does not impose additional credit score requirements beyond federal FHA guidelines.
How do Texas property taxes affect FHA loan costs in Odessa?
Texas has no state income tax but has relatively high property tax rates. In Odessa, property taxes typically range from 2.0 to 2.5 percent of the assessed value. FHA loans require an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual mortgage insurance premiums that vary based on loan term and down payment.
What is the maximum FHA loan limit for Odessa Texas in 2025?
For 2025, the FHA loan limit for a single-family home in Ector County where Odessa is located is approximately $498,257 for a standard loan. Higher limits may apply for duplexes triplexes and fourplex properties. These limits are set by the Department of Housing and Urban Development and may change annually.